Hurwitz and Padden practiced law as equal partners for a short period of time before converting to
Question:
Hurwitz and Padden practiced law as equal partners for a short period of time before converting to an LLC. Some three years later, Padden informed Hurwitz that he intended to leave the firm. When they could not agree on how to divide
$200,000 in fees relating to work acquired before the dissolution of the LLC, Hurwitz filed suit seeking an equal division of the fees under partnership principles. Padden contended that partnership principles should not apply to the dissolution of an LLC even though the state’s LLC law incorporated the definition and use of the term dissolution from the UPA. Decide. [Hurwitz v Padden, 581 NW2d 359 (Minn App)]
AppendixLO1
Step by Step Answer:
Anderson's Business Law And The Legal Environment
ISBN: 9780324638189
20th Edition
Authors: David P Twomey, Marianne M Jennings, Ivan Fox