Legal Question in Business Law in Arizona
llc assets
joint ownership LLC, I partner transfered prop. without others knowledge or and hid profits. Im other partner, what can I do?
Asked on 11/10/08, 2:26 pm
2 Answers from Attorneys
Stephen Nebgen
Law Offices of Donald W. Hudspeth
Re: llc assets
Do you have an Operating Agreement that governs the management of the LLC?
Generally, whether by statute or Operating Agreement, the sale of Company property is an act that needs the approval of all of the Members of the LLC.
By selling assets without approval, your partner has liability resulting from a variety of claims that you can assert.
Please call me below and we can discuss further.
Stephen
Answered on 11/10/08, 3:26 pm
Donald W. Hudspeth
The Law Offices of Donald W. Hudspeth, P.C.
Re: llc assets
We can go over the facts and the documents, analyze the issues and advise you on your business and legal options and make some recommendations for a flat fee of $500.00.
Answered on 11/10/08, 8:13 pm
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