Discussion question help

Price: $10 USD

Question description

Please no plagiarism! 

1. Lieberman was a member and employee of Wyoming.com, LLC, with a $20,000 ownership stake, but was terminated as an employee following a dispute occurring four years after formation. Lieberman served the LLC with a "notice of withdrawal" and demanded that the LLC pay for Lieberman's "share of the company" in the amount of $400,000. The LLC held a vote in which they accepted Lieberman's withdrawal, but offered him only $20,000 because that was his initial ownership stake. Lieberman rejected the $20,000 offer and the LLC filed suit asking for a declaratory judgment of its rights against Lieberman because the operating agreement was silent on the issue of dissociation.

Where an LLC's operating agreement is silent on the issue of dissociation, does a dissociating member have the right to demand a buyout?

Tutor Answer

(Top Tutor) Daniel C.
School: University of Maryland
Studypool has helped 1,244,100 students
Ask your homework questions. Receive quality answers!

Type your question here (or upload an image)

1827 tutors are online

Brown University

1271 Tutors

California Institute of Technology

2131 Tutors

Carnegie Mellon University

982 Tutors

Columbia University

1256 Tutors

Dartmouth University

2113 Tutors

Emory University

2279 Tutors

Harvard University

599 Tutors

Massachusetts Institute of Technology

2319 Tutors

New York University

1645 Tutors

Notre Dam University

1911 Tutors

Oklahoma University

2122 Tutors

Pennsylvania State University

932 Tutors

Princeton University

1211 Tutors

Stanford University

983 Tutors

University of California

1282 Tutors

Oxford University

123 Tutors

Yale University

2325 Tutors