Two-Member LLC Deadlock

Stock Photo - GunfightPeter Mahler’s blog on New York Business Divorce recently ran an excellent feature on Avoiding Deadlock in Two-Member LLCs, based on insight from New Hampshire Lawyer John Cunningham.

The post focuses on four types of deadlock-avoidance provisions espoused by Cunningham: dispute resolution, “shotgun” or “Texas shoot-out” buy sells, sales of business, and drag along/tag-a-long provisions.

If you are in the formation stage of your LLC, or considering amendments, Mahler’s post is an excellent read. In addition, Cunningham has his own blog on operating agreements, appropriately called Cunningham on Operating Agreements.

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