
Preemptive Rights and the Sale of Additional Membership Interests in LLCs
Preemptive rights are related to the ownership percentages of corporate entities like corporations and limited liability companies (“LLCs”) if and when said entity issues additional ownership/membership interests. Say, for example, that a member of an LLC currently has a 10% membership interest. For ease of math, assume 100 membership interests have been issued. If the […]
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