R. Shawn McBride recently published an article to the McBride For Business Blog on a topic that might be of interest: LLC Agreements: Backup Managers.
He discusses backup management plans, particularly in the single owner situation. What happens if one of the owners is unable to participate in a business?
You can see the full article here.
Each case is unique. Past results do not guarantee future outcomes. This posting is intended to be a tool to familiarize readers with some of the issues discussed herein. This is not meant to be a comprehensive discussion and additional details should be discussed with your attorneys, accountants, consultants, bankers and other business planners who can provide advice for your circumstances. Each case is unique. Past results do not guarantee future outcomes. This article should not be treated as legal advice to any person or entity.
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