If a member of a limited liability company dissociates from the firm in violation of the operating agreement, the member can be held liable for any loss to the business resulting from the withdrawal.

Question

Quizplus · Accepted Answer

Under many jurisdictions, if a member of a limited liability company (LLC) dissociates in violation of the operating agreement, they can indeed be held liable for damages or losses their departure causes to the business. This is because the operating agreement often outlines the conditions under which members can leave the LLC, and breaching these terms can lead to legal consequences.

If a Member of a Limited Liability Company Dissociates from the Firm