Member withdrawal prior to closing

[Tyler Henfling]

Hello all,

I just had an investor back out of a deal that we are set to close on in one weeks time. They had signed the LLC's operating agreement but had not yet wired funds to the LLC'S account. It states in our OA that no member shall withdraw.

I'm a bit frustrated and at a loss. What can we do about this?

Tyler

[Wayne Brooks]

Sort of like trying to force specific performance on a contract.....you may be legally correct but practically, you need to move on, find another investor, solve the problem without trying to force someone into a partnership.