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Divorce › Operating Agreements

Divorce is the formal legal dissolution of a marriage. The divorce process implicates many diverse areas of the law including, but not limited to, real estate, wills and trusts, child custody, and tax.
Patton Sullivan Brodehl LLP

Another LLC Attorney Disqualified Due to “Conflict of Authority”

Patton Sullivan Brodehl LLP on

A prior LLC Jungle post covered the Court of Appeal’s seminal opinion in the Jarvis v. Jarvis case here: Why Having “Co-Managers” for Your LLC is a Terrible Idea. In the Jarvis case, the Court of Appeal affirmed the...more

Jaburg Wilk

Seven Tips if Getting Divorced and You Own a Business Together

Jaburg Wilk on

Divorce can be difficult enough without adding the complexity of a community owned business into the mix. There are important steps you should take to protect both the business - and yourself - during the divorce as the goal...more

Ervin Cohen & Jessup LLP

Buy-Sell Agreements in a Divorce (Part 2)

Ervin Cohen & Jessup LLP on

My last article discussed a typical provision found in shareholders agreements (for corporations) or operating agreements (for limited liability companies) giving the other owners a right to step in and buy any shares or...more

Ervin Cohen & Jessup LLP

Buy-Sell Agreements in a Divorce (Part 1)

Ervin Cohen & Jessup LLP on

My prior articles have discussed how to monetize one spouse’s equity interest in a privately held company that has no other owners. However, many businesses are started by two or three partners contributing their ideas,...more

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