Oxford, MI asked in Business Law for Michigan

Q: my husband is part owner of LLC. God forbid, If something should happen to him, would i be entitled to his share?

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1 Lawyer Answer
  • Farmington Hills, MI
  • Licensed in Michigan

A: Probably. It depends upon 1) whether he owns his membership imterest jointly with another person; 2) his estate plan; and 3) the terms of the operating agreement (such as whether there's a buy-sell provision. You have not provided enough information to enable me to answer definitively.

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