Legal Question in Business Law in Connecticut

LLC Partner removal

Can I remove a partner

(buyout) and continue to

operate the LLC without him in

CT.


Asked on 5/31/07, 7:57 pm

3 Answers from Attorneys
Andrew Magwood Andrew A. Magwood Attorney at Law

Re: LLC Partner removal

MORE FACTS PLEASE! The short answer is yes - if your agreement says so. You need to talk to an attorney and have them look at what your particular situation is. You can give me a call if you want to bounce some more facts off me. 860.786.8763

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Answered on 5/31/07, 8:01 pm
Jonathan Hoyt The Hoyt Law Group, LLC

Re: LLC Partner removal

The answer is going to depend upon what your LLC operating agreement provides for the removal of a member (partner).You mention "buyout" so I am assuming that you are willing to buyout his or her interest. Depending upon whether he or she owns a minority or majority interest will determine the value of their interest.Prior to taking any action you should consult an attorney who handles business matters. If you wish further info you can contact me via email.

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Answered on 5/31/07, 8:44 pm
Francis Pennarola Chipman, Mazzucco, Land & Pennarola

Re: LLC Partner removal

A Connecticut LLC only needs one member, so the answer is yes, unless the operating agreement, if there is one, says otherwise.

Fran Pennarola

[email protected]

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Answered on 6/01/07, 7:10 am


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