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A comment on Ask HN: What do I need to know before registering a 2 person LLC on Legal Zoom?. Parent comment

Re:Ask HN: What do I need to know before registering a 2 per... by tricky on Sunday May 03, 2009 @11:20PM (#591852)
You can always put Felix Dennis' "Mexican Shoot-out" clause in place. If the owners are in a deadlock, one can chose to execute the clause. When that happens, each owner places a sealed bid to buy the entire business. Whomever has the highest offer, wins... Brutal, but fair.
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Re:Ask HN: What do I need to know before registering a 2 per... by gojomo on Monday May 04, 2009 @12:06AM (#591895)
Something like that is another good option. I hadn't heard exactly that variant; the one I've heard the most about has one partner offer a price, the other has to either take it for their half or pay that same amount for the other half.

Within the last year I read some research suggesting a further refinement that better ensures the partner who valued the business highest winds up with it... but can't find the reference right now.

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