Exits of members from LLCs can be fraught with problems for a number of reasons. This session will discuss various areas for consideration to be included in operating agreements in an effort to facilitate an orderly departure of a member and minimize some of the risk when a member leaves—voluntarily or otherwise—an LLC. Some specific areas that will be covered are membership interest valuation methodology considerations, statutory rights, and special considerations with the departure of members who are also employees of an LLC.

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