News & Analysis as of

Operating Agreements Divorce

Patton Sullivan Brodehl LLP

Another LLC Attorney Disqualified Due to “Conflict of Authority”

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)

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)

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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