Transferring LLC Membership Interests Part 3—Involuntary Transfers

By |2019-02-26T18:36:12-08:00February 26th, 2019|Acquisitions, Business Planning, Limited Liability Company (LLC)|

An involuntary transfer of an LLC membership interest is just that—a transfer prompted by a creditor action or a triggering eventoutside of the member’s control. An individual or entity obtaining a membership interest because of an involuntary transfer usually cannot fully step into the shoes of the transferring member. This statutory protection—often called a [...]