Legal Question in Business Law in California

We have a company governed by an LLC agreement. If the operating agreement has no experation date is there a legal termenation of the contract since one was not provided? thankyou


Asked on 3/24/10, 4:09 pm

3 Answers from Attorneys

Mark Saltzman, MBA, JD Law Offices of Mark E. Saltzman

No.

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Answered on 3/29/10, 4:16 pm
Nia Stefany The Corporate Law Group

No, but In California, your LLC's life may end at the death of a member or bankruptcy... check that in your Operating Agreement

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Answered on 3/29/10, 4:23 pm
Daniel Bakondi The Law Office of Daniel Bakondi

Usually you provide for buyout rights, or for termination. If you did not, have an attorney see if you can agree.

Best,

Daniel Bakondi, Esq.

[email protected]

415-450-0424

The Law Office of Daniel Bakondi

870 Market Street, Suite 1161

San Francisco CA 94102

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Answered on 3/29/10, 4:37 pm


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