F. Hodge O'Neal Corporate and Securities Law Symposium

Planning Problems in the Limited Liability Company

Dennis S. Karjala

Part I briefly discusses the development of the limited liability company form and its roots in the liberalized provisions of modem corporation and partnership law. In Part II, the Article examines a variety of fact situations derived from partnership and close corporation case law as examples of the kinds of disputes that arise among the participants in closely held enterprises.