California  |  Business Law

Legal Question

Asked on: 5/29/13, 11:51 pm

I am partner in a California based LLC for last 4 years but my partner is not sharing bank statements, profit and loss and accounts of company with me.

I have approx 5% shares in LLC.

Can you please help me in this regard.

2 Answers


Answered on: 5/30/13, 3:18 pm by William Christian

You sholud discuss your specific circumstances with a business attorney. He will need to see your operating agreement and the documents issuing the 5% membershiip interest. You are entitled to finiancial records under the Code though this may be revised to some extent by the operating agreement.

See an attorney. Often a simple letter fro counsle willl resolve the issue. However you must consider the impact this will have on your business relationship as well as your rights.

This gratuitous response does not create an attorney client relationship. The advice provided herein is generic, may not apply to your circumstances and is not to be relied upon in your actions. An attorney client relationship is created only upon execution of an engagement letter hiring me or my firm.


Did you find this answer helpful?

0 Users found this answer helpful.

0 Attorneys agree with this answer.


Rodi Pollock 444 S Flower St Los Angeles, CA 90071

Other answers from this attorney

Answered on: 5/30/13, 5:12 pm by Terry A. Nelson

Help you? Sure.

That means represent you in dealing with him and the company, demanding an accounting and payment of whatever you are due. If this can't be resolved informally, then you may have to consider filing suit. If serious about hiring counsel for this, feel free to contact me.


Did you find this answer helpful?

0 Users found this answer helpful.

0 Attorneys agree with this answer.


Nelson & Lawless 18685 Main St., #175 Huntington Beach, CA 92648

Other answers from this attorney

Didn't find what you were looking for? Ask an Attorney!

Get answers from the top Attorneys
Ask Question

70 Answers given in the last few hours.

86611 Active attorneys ready to answer your question

Search Past Answers:
  Advanced Search