LLC’s are perhaps the most common form of business entity in the country on account of their approachability. But their large number means that plenty will and do fail. When this occurs, members of the LLC can file a lawsuit for “involuntary dissolution.”
That said, the non-dissolving members have a way of fighting back: the mandatory buyout. Litigation over buyouts can be fierce, as each member attempts to maximize the value of their interest to secure the largest possible payout. In these instances, the right attorney can make all the difference.
At Underwood Law Firm, our attorneys are knowledgeable in the fields of pass-through entities and real property. If you’re looking to proceed with dissolution, then we’re here to help.