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Deadlock-Breaking Mechanisms in LLC Operating Agreements

 

Understand the causes and consequences of deadlocks and gain a comprehensive overview of how careful structuring and drafting can prevent one.

Drafters of operating agreements often overlook the critical importance of drafting with a focus on management, voting, and transfer provisions. Failing to address these elements can result in a deadlock, jeopardizing the company's future and relationships among members. A deadlock can lead to lengthy and expensive litigation or arbitration and, in some cases, may result in the dissolution of the company.

This presentation will cover the causes and consequences of deadlocks and provide a comprehensive overview of how careful structuring and drafting can prevent one. Attendees will gain practical insights into resolving deadlocks efficiently, including various strategies tailored to different scenarios. This webinar is ideal for business owners and legal professionals drafting or advising on operating agreements.

Agenda

Faculty

Tatyana Pishnyak

Tatyana Pishnyak

Mansour Gavin LPA

  • Member of Corporate and Business Services at Mansour Gavin LPA
  • Practice is focused in the areas of mergers and acquisitions, commercial contracting, finance, banking, start-ups, restructurings, and reorganizations
  • Specializes in drafting complex operating, partnership, and shareholder agreements
  • Author of multiple publications on operating agreements
  • Martindale-Hubbell AV Preeminent rated
  • Recognized by Best Lawyers in America
  • Admitted to the Ohio Bar
  • LL.M. Degree, Cleveland State University; LL.M. Degree and J.D. Degree, Taras Shevchenko National University of Kyiv
  • Can be reached at (216) 523-1500 or [email protected]

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