Peter Mahler’s latest post—as usual, an excellent one—addresses a very recent New York appellate decision concerning a potential buy-out of a deceased member of a real estate holding company LLC—11 years after the member’s death! The facts are weird but the case nevertheless holds many lessons for LLC lawyers drafting buy-sell provisions for deceased LLC members.
Here’s the link:
Fixed-Price Buy-Sell Agreements
The new post by Peter Mahler under the link below is the best brief description of fixed-price buy-sell agreements among the owners of closely held businesses (including multi-member LLCs) I’ve ever seen—and it’s the best explanation I’ve ever seen of why not to use them.
Here’s the link: https://www.nybusinessdivorce.com/2019/01/articles/valuation/another-reason-not-use-fixed-price-buy-sell-agreements/