WHEN EXERCISING A PUT RIGHT WILL MAKE THE LLC INSOLVENT

Under the link below is a post in Peter Mahler’s Business Divorce column about an issue that all LLC lawyers should be aware of.  The author summarizes the subject of the column as follows:

Can an LLC member with a put option–the right to sell his interest back to the LLC–exercise that option when doing so will render the LLC insolvent? This week’s New York Business Divorce post highlights a recent decision by Justice Masley of the New York County Commercial Division considering this issue.

Here’s the link:

https://www.nybusinessdivorce.com/2020/08/articles/uncategorized/departing-llc-members-exercise-your-put-option-before-insolvency-approaches/

MAHLER’S LATEST BUSINESS DIVORCES

Under the link below are four brief discussions about recent LLC decisions in Peter Mahler’s last blog post.  All of them are interesting, but especially the ones about the expulsion of an LLC member and about a member oppression dispute.

https://www.nybusinessdivorce.com/

 

TIPS FOR STARTING UP

Below is a link to an article I wrote for the Concord Monitor providing advice for start-up businesses.

https://www.concordmonitor.com/John-Cunningham-32358675