Legal Question in Business Law in Massachusetts

in a 3 way equal partnership llc in texas, with a "push-pull" agreement..can 2 of the partners "push-pull" together(same transaction) for half of the 3rd partners units each? or if not, "push-pull" simultaneously?


Asked on 3/08/11, 2:59 pm

2 Answers from Attorneys

I am not a Texas attorney so I would have to check their statute. Also I have not seen the language in the LLC or its operating agreement as drafted, but absent a prohibition or a failure to define who the push-pull as the buyer is defined, the answer is probably yes.

But I would recommend you show the specific language to an attorney familiar with LLCs. A good attorney in MA could review the Texas LLC act or you should contact a Texas Attorney.

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Answered on 3/08/11, 4:34 pm
Kevin B. Murphy Franchise Foundations, APC

As a Franchise Attorney I say this. It's not possible to analyze your situation without a detailed examination of the specific language in your "push-pull" agreement. Consult with a good business or franchise attorney in your area for specific advice.

Mr. Franchise - Kevin B. Murphy, B.S., M.B.A., J.D.

Franchise Foundations, a Professional Corporation

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Answered on 3/09/11, 7:27 am


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