Also, the state of formation is likely where internal disputes would be brought among LLC members, so if you and a partner and/or spouse live in CA, you probably want to arbitrate in CA if the two of you had a disagreement.

I hate going to trial by jury an I always remove the arbitration clause.

We had an arbitrator draw up an agreement that said she had to pay the rent by the 11th and she could stay.Sure enough the 11th came and went and no rent.

Your contract maybe has arbitration required- which would be step one.

The only exception I can think of is that NAR members agree to go to arbitration instead of suing each other.In my part of MA, our local NAR / MAR affiliate is "Plymouth & South Shore Association of Realtors". 

., arbitration/mediation, who will pay costs, what accountant to use, etc.)Since members have different roles, think about how to measure and reward the contributions of each member. 

Of course the seller can balk, and refuse to close, so off to arbitration and court you go if you want to pursue it.  

It eliminates misunderstandings and there is a simple process for arbitrating disputes if something goes wrong, without having to "lawyer up".  

@David Krulac, unless it is truly passive, if it is passive then you do not have to register as a Foreign llc. this is from Pennsylvania Department of State:Registration of Foreign Associations –General Rule and ExclusionsGeneral Rule – A foreign filing association or foreign limited liability partnership may not do business in this Commonwealth until it registerswith the Department of State.Exclusions – Activities of a foreign filing association or foreign limited liability partnership that do not constitute doing business in thisCommonwealth include the following:(1) Maintaining, defending, mediating, arbitrating or settling an action or proceeding.(2) Carrying on any activity concerning its internal affairs, including holding meetings of its interest holders or governors.(3) Maintaining accounts in financial institutions.(4) Maintaining offices or agencies for the transfer, exchange and registration of securities of the association or maintaining trustees ordepositories with respect to the securities.(5) Selling through independent contractors.(6) Soliciting or obtaining orders by any means if the orders require acceptance outside of this Commonwealth before the orders becomecontracts.(7) Creating or acquiring indebtedness, mortgages or security interests in property.(8) Securing or collecting debts or enforcing mortgages or security interests in property securing the debts and holding, protecting ormaintaining property so acquired.(9) Conducting an isolated transaction that is not in the course of similar transactions.(10) Owning, without more, property.(11) Doing business in interstate or foreign commerce.Being an interest holder or governor of a foreign association that does business in this Commonwealth does not by itself constitute doingbusiness in this Commonwealth.In general terms, any conduct more regular, systematic, or extensive than that described above constitutes doing business and requires theforeign association to register to do business.

Of course we can get our own appraisal and go to arbitration if needed.