LLC Member Removal & Buyout

When Business Partnerships Break Down

An LLC (Limited Liability Company) is often formed with the best of intentions. But when disputes arise between members—over money, management, or misconduct—the situation can threaten the stability of the entire company.

At Sheridan Lawyers, we help business owners and partners handle member extractions, remova

ls, and buyouts in Pennsylvania LLCs, whether through negotiation, mediation, or litigation.

We represent clients in Chester County, Delaware County, and Montgomery County, Pennsylvania, focusing on protecting the company while ensuring a fair resolution.

Reasons for Removing an LLC Member

• Breach of fiduciary duty or misconduct

• Failure to contribute capital or meet obligations

• Fraud, embezzlement, or mismanagement

• Irreconcilable disputes affecting company operations

• The member voluntarily wants to exit the business

Removing a member—or forcing a buyout—can be complicated, and Pennsylvania law requires following both the LLC’s operating agreement and statutory procedures.

Our Services in LLC Member Disputes

• Review of Operating Agreement: Determining rights, obligations, and procedures

• Negotiated Buyouts: Structuring terms to allow one member to exit while preserving the business

• Litigation: Filing or defending actions when disputes cannot be resolved amicably

• Valuation Guidance: Working with accountants and valuation experts to ensure fair pricing

• Drafting Exit Agreements: Clear documentation that prevents future conflicts

Why Choose Sheridan Lawyers?

• Business Law Focus: We understand the structure and nuances of LLCs.

• Strategic Negotiators: We prioritize out-of-court resolutions to preserve business value.

• Litigation-Ready: If negotiation fails, we aggressively protect your rights in court.

• Comprehensive Solutions: We don’t just resolve disputes; we help restructure for a stronger future.

Frequently Asked Questions – LLC Member Removal