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Asked in CA May 21, 2022 ,  0 answers

LLC ownership

In an LLC what is the impact on the ownership interest of a member who discontinues working?

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4 Answers

Robin Mashal
Robin Mashal ( Ask a Question )
27
Los Angeles, California
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Posted on / May 26, 2009 23:23:00

Re: LLC ownership

Disclaimer: the materials provided below are informational and should not be relied upon as legal advice.

Generally, membership of an LLC and its operation are not connected to each other. Some exceptions exist, for example where an operating agreement requires a member to continue performing services, or other scenarios where a person earns membership interest based on performing certain services. You should consult your own attorney to protect your legal rights.

Robin Mashal
Robin Mashal ( Ask a Question )
27
Los Angeles, California
Agree 0
Reply

Posted on / May 26, 2009 23:23:00

Re: LLC ownership

Disclaimer: the materials provided below are informational and should not be relied upon as legal advice.

Generally, membership of an LLC and its operation are not connected to each other. Some exceptions exist, for example where an operating agreement requires a member to continue performing services, or other scenarios where a person earns membership interest based on performing certain services. You should consult your own attorney to protect your legal rights.

Robin Mashal
Robin Mashal ( Ask a Question )
27
Los Angeles, California
Agree 0
Reply

Posted on / May 26, 2009 23:23:00

Re: LLC ownership

Disclaimer: the materials provided below are informational and should not be relied upon as legal advice.

Generally, membership of an LLC and its operation are not connected to each other. Some exceptions exist, for example where an operating agreement requires a member to continue performing services, or other scenarios where a person earns membership interest based on performing certain services. You should consult your own attorney to protect your legal rights.

Robin Mashal
Robin Mashal ( Ask a Question )
27
Los Angeles, California
Agree 0
Reply

Posted on / May 26, 2009 23:23:00

Re: LLC ownership

Disclaimer: the materials provided below are informational and should not be relied upon as legal advice.

Generally, membership of an LLC and its operation are not connected to each other. Some exceptions exist, for example where an operating agreement requires a member to continue performing services, or other scenarios where a person earns membership interest based on performing certain services. You should consult your own attorney to protect your legal rights.

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