New Connecticut Law Adds Additional Grounds to Kick Out Member of an LLC
Here’s a common scenario I see as an attorney handling business disputes: Four members start an LLC to engage in business together. They all get along as friends, colleagues, or business associates. Lets call the hypothetical business Harmony LLC. When they start Harmony, each person has an assigned role with ownership of 25% of the company. […]
Connecticut Supreme Court Confirms Expulsion Is Available Remedy In Partnership Dispute
In an issue of first impression, the Connecticut Supreme Court confirmed that partnerships can expel a partner rather than dissolve when there is a breakdown of the business of the partnership. The case is Brennan v. Brennan Associates, et al. The official opinion will be released on August 18, 2009, but the advanced opinion already was released online. […]