September 25, 2018 Substantive Law

Representing Minority Members of an LLC in Negotiating an LLC Agreement

By Elizabeth S. Fenton, Carmen Fonda, Marshall B. Paul, and Edward L. Wender

Reprinted with permission from Business Law Today, August 14, 2018. ©2018 by the American Bar Association. Reprinted with permission. All rights reserved. This information or any or portion thereof may not be copied or disseminated in any form or by any means or stored in an electronic database or retrieval system without the express written consent of the American Bar Association.

For purposes of this article, a minority member is a member who does not have voting control or the power to exercise voting control over the limited liability company that the minority member is joining or has joined. This article identifies those provisions that may be important to a minority member and may be subject to negotiation.

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