Legal Question in Business Law in Maryland
LLC Ownership
Do 50-50 partners in a company have to agree on business matters prior to taking action, or is there a legal way to work through stalemates?
Asked on 11/30/06, 11:53 am
1 Answer from Attorneys
Lawrence Holzman
Holzman Law Firm, LLC
Re: LLC Ownership
If the operating agreement does not specify how stalemates will be resolved, then the parties have to either find a way to negotiate agreement. If they cannot agree otherwise, then depending on the circumstances legal action may be appropriate.
Answered on 11/30/06, 2:33 pm
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