Grant the divorcing member (first) and the LLC or other members (second) the immediate right to buy back any units awarded to the ex-spouse.

Define a divorce settlement or court order awarding LLC units to an ex-spouse as a "triggering event".

To protect the LLC from a member's divorce, ensure your buy-sell agreement contains these three specific provisions:

Whether you are drafting a "business prenup" within your LLC Operating Agreement or creating a standalone contract, handling divorce properly requires specific protective clauses. 🛡️ 1. Core Protective Clauses for Divorce

Llc Buy Sell Agreement Divorce -

Grant the divorcing member (first) and the LLC or other members (second) the immediate right to buy back any units awarded to the ex-spouse.

Define a divorce settlement or court order awarding LLC units to an ex-spouse as a "triggering event". llc buy sell agreement divorce

To protect the LLC from a member's divorce, ensure your buy-sell agreement contains these three specific provisions: Grant the divorcing member (first) and the LLC