Problem Resolution Within an LLC

Partners at the head of an LLC won’t always agree on the best way to run the business. The best solution for a situation where partners can’t come to a compromise is to have a well drafted LLC operating agreement in place from the start. Drafting an agreement with clauses that instruct the partners how to resolve disputes ahead of time leads to smoother business operations when problems do arise. Deciding solutions to deadlock, buyout terms, and dissolution events before they become necessary means everyone is on the same page when they do.

Without a strong operating agreement, buyout negotiations can sometimes be arranged. However, the process can be contentious, and if the partner doesn’t want to sell there isn’t always a way to force them. Drafting a comprehensive operating agreement from the start is the best way to ensure when problems arise in your business, there is a plan in place to handle them.

For a free, confidential conversation to discuss operating agreements and other business law matters, including business formation legal services, contact Maryland business attorney Stephen J. Reichert at 410-299-4959, sreichert@reichertlegal.com or by clicking here.

Day, evening and weekend appointments are available in office or at your residence. Mr. Reichert personally serves business law clients throughout the entire state of Maryland.

Stephen looks forward to assisting you with your Maryland business law needs.

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