Posted: 20 Feb 2012 at 23:47 | IP Logged
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Hi guys
I know that LLC may not transfer all of his interest in LLC without the consent of all other members, but the book also mentions that he is free to assign his interest in distributions, but not free to assign any right to manage the LLC. My question is can the member just sell his interests on profit and loss only(not right to manage) to a third party without the every other members' consent?
Second question, are these same rules apply to GP, LLP, and LP?
Thx for your help~
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