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Home / Opinion Digests / Corporate – LLC Manager – Competing Business (access required)

Corporate – LLC Manager – Competing Business (access required)

Although an LLC’s operating agreement says that a unanimous vote is required for the three-member board of managers to act, this provision does not bar the LLC from suing one manager it alleges formed a competing electrical contracting business to siphon off customers, a Fairfax Circuit Court says in a case of first impression. In 2003, ...

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