Connecticut Supreme Court Clarifies Law on "Adverse" Members of an LLC
Connecticut Supreme Court Clarifies Law on "Adverse" Members of an LLC
Operating agreements for limited liability companies can be complicated legal documents that involve multiple ownership groups and correspondingly complicated interactions between them. This can complicate matters in many ways, especially when deciding whether to file a lawsuit on behalf of the LLC. For example, an LLC can have multiple owners, and an owner may have an interest in multiple LLCs. Another example is if one owner has a relative involved with another corporation doing business ...