Tag Archives: 805 ILCS 180/1-1

Judicial Expulsion of a Member-Manager Triggers Dissolution

Are you a member-manager of an LLC in Illinois? Your expulsion as a member of the LLC may result in your removal from “manager” status and may even bring about the dissolution of the LLC. The Illinois appellate court provided … Continue reading

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Fiduciary Duty Modifications

When it comes to Illinois LLCs, one member’s allegation that the LLC’s manager has breached its fiduciary duty can quickly spiral into a full-blown claim for judicial dissolution, i.e., a business divorce.  Link. Illinois LLCs are materially different than Illinois … Continue reading

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