I started LLC partnership without any type of agreement. My partner has since decided to remove all of her things from the office and basically walk away. She is asking me to buy her out, but she has already left the business and left me holding the bills. Do I need to buy her out or give her any type of money for the business or am I just able to keep things running as they are?
1 Answer from Attorneys
If you had a partner in this business, then there must have been some
type of agreement or understanding with her as to its operations and the amount
of money that she would initially invest as a partner to startup this business, even if the agreement was only verbal and never reduced to writing.
Until the above is clarified, no reliable answer can be provided to this question(in my opinion).