What Happens When an LLC Member Dies?
A sudden death in a business can create discomfort as other partners struggle to figure out the new company ownership. In the case of single-member LLCs, a death can mean the end of the company. However, unlike sole proprietorships and partnerships, LLCs can survive beyond the deaths of their owners. Whether it does or not is determined by the LLC’s operating agreement.
Categories: Dissolving or Transferring an LLC Tags: death, operating agreement, single member llcs
