Why would the LLC want an initial period of prohibition on withdrawal?
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I created an LLC for two with a friend using the services of LLCGuys.com so from my own experience I can say that partners in a partnership have an obligation to act in the best interests of the partnership and each other. By enforcing the exit ban, people will be motivated to take their responsibilities as a partner seriously and commit themselves to at least a minimum period of time in a partnership. Then other partners can feel comfortable relying on the commitment of their colleagues to the goals and objectives of the partnership.
Members of the LLC have a duty to function in the best interest of the LLC and of each other. By enforcing a prohibition on withdrawal, individuals will be motivated to take their responsibility as a member seriously and commit to at least a minimum period with the LLC. The other Members can then feel comfortable relying on the commitment of their fellow Members to the purpose and goals of the LLC.
