Legal Question in Business Law in Maryland

llc law can a husband get separate shares in a business if the wife is the president and gets 51 %


Asked on 5/04/11, 8:32 pm

1 Answer from Attorneys
Kevin B. Murphy Franchise Foundations, APC

As a Franchise Attorney I can say it all depends on the restrictions, if any, contained in the LLC's operating agreement. Ordinarily, if share interests are available, they can be issued by an LLC, but subject to any restrictions contained in the operating or other agreements. Consult with a good business or franchise attorney in your area for specific advice.

Mr. Franchise - Kevin B. Murphy, B.S., M.B.A., J.D.

Franchise Foundations, a Professional Corporation

Read more
Answered on 5/07/11, 12:27 pm


Related Questions & Answers

More Business Law questions and answers in Maryland