James Williford, Patricia Mosser, Marquetta Smith, and Michael Floyd formed Bluewater Logistics, LLC, to bid on construction

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James Williford, Patricia Mosser, Marquetta Smith, and Michael Floyd formed Bluewater Logistics, LLC, to bid on construction contracts. The operating agreement provided for a “super majority” 75 percent vote to remove a member “under any circumstances that would jeopardize the company status” as a contractor. Part of the attractiveness of an LLC as a form of business enterprise is its flexibility. Could one Bluewater member unilaterally “fire” another without providing a reason? Why or why not? [Bluewater Logistics, LLC v. Williford, 55 So.3d 148 (Miss. 2011)]

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Business Law Text and Exercises

ISBN: 978-1305509603

8th edition

Authors: Roger LeRoy Miller, William E. Hollowell

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