Legal Question in Real Estate Law in Massachusetts

If I own 2/3 of an LLC that owns REAL Property and I have a partner who has 1/3 interest within the LLC that owns the same property. Because I control more shares or interest can I force my partner to sell their shares to me at fair market value?


Asked on 8/24/12, 1:39 pm

2 Answers from Attorneys

Absent a provision in the LLC that allows you to force the other party to sell, the answer is no.

There are legal actions that may have the same ultimate solution but some one has to review the Operating Agreement of the LLC as well as its Articles to determine what can and cannot be done.

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Answered on 8/24/12, 1:43 pm
Christopher Vaughn-Martel Charles River Law Partners, LLC

I agree with attorney Roth that you need to take your LLC Operating Agreement to an attorney to see what rights and obligations each member has. Without reviewing your Agreement, it is impossible to say.

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Answered on 8/24/12, 1:47 pm


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