Articles Posted in Revised Uniform Partnership Act

Deadlock in a limited liability company or partnership occurs when the members can no longer pursue the purpose of the business as agreed in an operating agreement or partnership agreement. A ‘minority veto’ occurs when a minority member or partner uses the unanimity requirement to block the will of majority.…

The law that controls any business organizations is a creature of state law, and disputes among owners in a business divorce involve the application of the law where the business was formed. More often than not that means the law of the state in which the dispute is being heard,…