The Connecticut Supreme Court just held that a spouse who receives by assignment the other spouse's interests in an LLC, may not get much after all. You can read the case here. Once upon a time when I handled domestic relations cases, I knew that one of the assets that might be equitably divided was a spouse's interests in a limited liability company. The value received is really the right to receive distributions of the LLC's profits, because the spouse is not automatically a member of the LLC.
Listen up doctors! Physicians and physician practices who are currently negotiating employment agreements, partnership agreements or otherwise joining a practice need to be aware of a recent law passed by Connecticut's General Assembly. The law - which everyone expects Governor Molloy to sign - limits non-compete agreements for physicians to 15 miles in geographic scope and 1 year in duration.