Keeping in mind that the Delaware LLC Act has no default provision governing the redemption of membership interests of an expelled member, is your answer: Controller wins: Delaware law prioritizes ...

A limited liability company's operating agreement may not eliminate "the liability of any manager if a judgment or other final adjudication adverse to him or her establishes that his or her acts or ...

An LLC operating agreement is a legally binding document that outlines the LLC’s preferred operating, management and financial procedures. Its purpose is to guide the business’s internal operations ...

The first article discussed some of the general factors that should be taken into account in choosing that entity form for such transactions; the second reviewed considerations in choosing a forum for ...