Tag: Dissenters Rights

In 2022, the Washington State Legislature adopted several significant changes recommended by the Washington State Partnership Law Committee. In a previous post, I discussed two of these significant changes: (1) a member may voluntarily withdraw from a limited liability company at any time; and (2) a transferee of all of single-member’s LLC interest is automatically… Read More

Last week, I covered the first part of the complex process of dissenters’ rights: learning what they are and who has them. This week covers the second part of the process: valuing an interest once an owner has dissented. Procedure to Exercise Dissenters' Rights After a member of an LLC or shareholder of a corporation… Read More

Minority owners of closely held businesses in Washington have substantially limited rights once the majority owners decide to take certain, major actions.  In fact, it can be said that the only right a minority owner has is the right to “dissent.”  Today’s post identifies “dissenters' rights” and when they can be exercised depending on the… Read More