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Business Owner Death and Complex Estates

What happens to an LLC when a member dies?

Short answer

Depends on the operating agreement. Most California LLCs require the surviving members to follow the agreement's buyout, succession, or dissolution provisions. If the deceased was the sole member, the LLC is managed by the personal representative until wound down or transferred. Check…

What this usually means

Depends on the operating agreement. Most California LLCs require the surviving members to follow the agreement's buyout, succession, or dissolution provisions. If the deceased was the sole member, the LLC is managed by the personal representative until wound down or transferred. Check the operating agreement first — it governs everything.

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