QUESTION

Selling my interest in my LLC

Asked on Nov 15th, 2014 on Business Law - Georgia
More details to this question:
I have a LLC with my 2 brothers and my son, 4 partners of 25% each equally. Can I sell my share to my son without my brothers' agreement? After the transaction, my son will own 50% of the LLC.
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1 ANSWER

Appellate Practice Attorney serving New York, NY
That depends on what your llc operating agreement says.  It would be unusual if the agreement didn't provide right of first refusal or something similar, but if f it says nothing on the subject, you should be able to sell your interest with no restriction.
Answered on Nov 17th, 2014 at 1:10 PM

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