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by Answerbag Staff on June 7th, 2010

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Can you breach an LLC operating agreement?

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  • by Cam Merritt on June 7th, 2010

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    Great Answer

    Professionally Researched. (What's this?)

    The operating agreement of a limited liability company, or LLC, frequently includes a section outlining the "duties and responsibilities" of its members. If one of those members fails to carry out his assigned duties, he can be found in breach of the agreement and penalized---or sued.

    Source:

    Avvo Legal Guides: Anatomy of an LLC Operating Agreement

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  • by llcoperatingagreement on April 17th, 2012

    llcoperatingagreement

    Of course, just like any agreement you can violate the terms and conditions. Although, LLC Operating Agreements are usually broken upon the grounds of financial sharing.
    Source: http://ellcoperatingagreement.com

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