Legal Question in Business Law in New York

If five(5) partners wish to form an LLC, do all five (5) have to approve the transaction?


Asked on 4/19/10, 5:47 pm

3 Answers from Attorneys

Kristen Browde Browde Law, P.C.

If five partners wish to form an LLC, why would they not want to approve the transaction?

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Answered on 4/24/10, 6:26 pm
Michael Markowitz Michael A. Markowitz, PC

I assume that you mean to approve the formation of the LLC. If that is the case, then the answer is yes.

Mike.

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Answered on 4/25/10, 7:04 am
Steven Czik CZIK LAW PLLC

It depends to what transaction you are specifically referring to.

We have substantial experience handling these types of cases, however, we would need some more information before making a complete and proper determination. You are welcome to contact us for a free consultation.

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STEVEN J. CZIK, P.C.

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New York, New York 10013

212.413.4462

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The information provided by The Law Offices of Steven J. Czik, P.C. (LOSJC) is for general educational purposes only. There is no attorney-client relationship established by this communication and no privilege attaches to such communication. LOSJC is not taking and will not take any action on your behalf and will not be considered your attorney until both you and LOSJC have signed a written retainer agreement. There are strict deadlines, called statutes of limitation, within which claims or lawsuits must be filed. Therefore, if you desire the services of an attorney and decide not to retain LOSJC on terms acceptable to LOSJC, you are advised to immediately seek the services of another attorney.

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Answered on 4/27/10, 9:48 am


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