Legal Question in Business Law in Pennsylvania
In an LLC can 2 out of the 3 partners place the business for sale, or do all partners have to be in agreement? All partners have equal shares.
Asked on 1/22/14, 11:30 pm
2 Answers from Attorneys
This would be governed by the Operating Agreement for the LLC.
Answered on 1/23/14, 5:22 am
Michael Berman
Law Offices of Michael A. Berman
It sounds like 2 out of 3 would control, but a full review of all agreements would be necessary to give a definite answer.
Mike
Answered on 1/27/14, 5:26 pm
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