[WSBARP] ending LLC when parties don't agree.

[Laura Minton Breckenridge]

Maddy,

FYI, this is the situation in an Operating Agreement when the Agreement does not include a "shot-gun," or similar exit strategy provision.

-Laura

Laura Minton Breckenridge, Attorney

[SkagitLaw_Signature (2)]

Post Office Box 336
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Mount Vernon, WA 98273
Telephone (360) 336-1000
Fax  (360) 336-6690
Email laura at skagitlaw.com<mailto:laura at skagitlaw.com>
www.skagitlawgroup.com<http://www.skagitlawgroup.com/>


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From: wsbarp-bounces at lists.wsbarppt.com <wsbarp-bounces at lists.wsbarppt.com> On Behalf Of Craig Gourley
Sent: Wednesday, July 31, 2024 12:40 PM
To: WSBA Real Property Listserv <wsbarp at lists.wsbarppt.com>
Subject: [WSBARP] ending LLC when parties don't agree.

Listmates.  I have a client that owns property with another person in an LLC.   One party wants to end the relationship and the other does not.   Operating agreement requires unanimous consent to terminate and the LLC statute does not appear to have a default exit strategy.  If this property was owned as tenants in common a simple partition action would be the remedy but I am not seeing anything similar when property is owned in an LLC.  Any solution I am missing?    Thanks, Craig

GOURLEY LAW GROUP
THE EXCHANGE CONNECTION
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