Under the link below is yet another excellent post in the law blawg “NY Business Divorce” about litigation involving issues as to who were the real owners of the LLCs in question and what was the real ownership percentage of each in each LLC.  In my experience, these issues arise constantly.  The only solution to these issues is, of course, crystal-clear drafting.

Here’s the link:

Disguised Agreements and Dissolution – New York Business Divorce (nybusinessdivorce.com)