I'm sorry to learn about your business and family problems. It's unclear from your question whether the LLC still exists and whether the bank...

You can add your investor as a member of the existing LLC (shareholder is a term for the owners of a corporation, not an LLC), you can change the...

It's easy enough to draft an operating agreement that establishes a class of non-voting members with no say in the LLC's decisions. Unfortunately,...

I agree with Mr. Goodman. I would just add that your question cites provisions for both Removal and Withdrawal. Those are different processes and...

It is true that absent an operating agreement, a member may not withdraw as a member of a NY LLC, but it is not correct that, as you phrased it,...

You can simply withdraw as a member of the LLC if the Operating Agreement permits it. If the LLC already has an EIN, it may need to obtain a new...

Depending upon the LLC's operations (is it considered to be doing business in Mississippi or Louisiana or both?) and the Louisiana LLC law, you...

You haven't really asked a legal question. Your son and his wife should consult with a Corporate Attorney who is experienced with non-profit...

Nonprofit entities are not typically owned by individuals or other entities, although they may have members with voting rights. You should discuss...

You have given practically no information, but it is highly unusual for a stranger to ask you to form an LLC or other business entity. If he...