Tag: LLC Assets

Members Have No Interest in the Assets of the LLC

David C. Tingstad, Edmonds Lawyer
David C. Tingstad
Nov 30, 2022
Per RCW 25.15.246(1), “a member has no interest in specific limited liability company property.” There are a number of consequences that flow from such a brief statement in the LLC Act.  This article will discuss a few of such consequences. First, the members have no right to prosecute a cause of action owned by the… Read More