The combination of majority rule and lack of exit rights leaves minority members of LLCs vulnerable to oppressive conduct by the majority, yet unlike legislation in most states giving dissolution and buy-out remedies to oppressed minority shareholders in close corporations, most states do not offer similar protection and remedies for minority LLC members. In this episode, Professor Douglas K. Moll, one of the country’s leading experts on disputes among co-owners of closely held business entities, tells us how the relative lack of See more +

The combination of majority rule and lack of exit rights leaves minority members of LLCs vulnerable to oppressive conduct by the majority, yet unlike legislation in most states giving dissolution and buy-out remedies to oppressed minority shareholders in close corporations, most states do not offer similar protection and remedies for minority LLC members. In this episode, Professor Douglas K. Moll, one of the country’s leading experts on disputes among co-owners of closely held business entities, tells us how the relative lack of minority protections came about and explains why the same protections afforded minority shareholders should be afforded to minority LLC members. See less -