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New York Business Divorce

Commentary on Dissolution and Other Disputes Among Co-Owners of Closely Held Business Entities

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Two Entities, Two Outcomes: Withdrawal and the Right to an Accounting

Photo of Franklin C. McRoberts
By Franklin C. McRoberts on September 21, 2020
Posted in Buyout, Derivative Actions

This week’s New York Business Divorce compares two cases of closely-held business owner withdrawal, one involving an LLC, the other a general partnership, one resulting in a right to an accounting, the other not. Why the difference? Read on to find out.
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