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What is the name of your state (only U.S. law)? Vermont
Hello -
We have had an S corp for 16 years. We have 2 primary shareholders with the remaining 3 having under 3%. The primary founder and his investment partner have the bulk of the equity.
We are doing a debt conversion. The founding...
What is the name of your state (only U.S. law)? Vermont
Under VT Statutes, for an at-will LLC, a member has the right to dissociate themselves at any time. It doesn't appear we can put in a time requirement (other than the 90 days required notice) for staying a member under an OA.
The...
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