[WSBARP] LLC economic interest

[Tom Westbrook]

I would start with the Operating Agreement. At least that is where I would
put any language like that. If it isn’t there, then I am not aware of any
statutory basis that falls under.



Sincerely,



Tom



Thomas J. Westbrook

Attorney at Law



324 West Bay Drive NW, Suite 201

Olympia, WA 98502

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www.buddbaylaw.com



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*From:* wsbarp-bounces at lists.wsbarppt.com <wsbarp-bounces at lists.wsbarppt.com>
*On Behalf Of *Roger Hawkes
*Sent:* Wednesday, January 25, 2023 3:46 PM
*To:* WSBA Real Property Listserv <wsbarp at lists.wsbarppt.com>
*Subject:* Re: [WSBARP] LLC economic interest



Please post answers to the list or include me.  I have a case where this is
an issue.



*From:* wsbarp-bounces at lists.wsbarppt.com <wsbarp-bounces at lists.wsbarppt.com>
*On Behalf Of *Ralph Maimon
*Sent:* Wednesday, January 25, 2023 11:44 AM
*To:* WSBA Real Property Listserv <wsbarp at lists.wsbarppt.com>
*Subject:* [WSBARP] LLC economic interest



Is anyone aware of any law or precedent that allows an economic interest
member of an LLC to receive the proceeds of the income producing property
itself on its sale or is he/she restricted to the regular income?.



*Ralph Maimon*



Law Office of Ralph Maimon, P.S.

2811 E. Madison Street, Suite 202

Seattle, WA 98112

(206) 323-0911

Fax: (206)462-1505

www.maimonlaw.com







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