EQUITABLE DISSOLUTIONS

July 20, 2021

All U.S. LLC statutes provide statutory grounds on the basis of which LLC members may sue in court to dissolve their LLCs.  However, situations can arise in which these grounds do not apply but one or more members of an LLC nevertheless believe that their LLC should be dissolved on “equitable grounds”—i.e., on the basis of fairness.  The post in New York Business Law under the link below addresses the issue of equitable LLC dissolutions under the New York LLC Laws, but the reasoning in the post applies under many other LLC acts.

Here’s the link:  Common-Law and Equitable LLC Dissolution: Going, Going, . . . | New York Business Divorce (nybusinessdivorce.com)

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