The operating agreement of a limited liability company cannot provide for the calculation of a buyout price on a member's dissociation because the event has not yet occurred.

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An operating agreement of a limited liability company can indeed provide for the calculation of a buyout price on a member's dissociation, including specifying the method for determining the value of the member's interest in advance of any such event occurring. This is a common practice to ensure clarity and fairness in the event of a member's departure.

The Operating Agreement of a Limited Liability Company Cannot Provide