Legal Question in Business Law in Arizona

I own 10% of a company that has been in existence since August of 2012. I do not feel very comfortable that I am being told the accurate information regarding the company's financials. I want to know what I can do. I just want to see the tax documents showing all the financials. So that I can feel more comfortable that I am being open and honest with. Is this something that I need a lawyer for?


Asked on 9/03/14, 8:41 am

1 Answer from Attorneys
Donald Scher Donald T. Scher & Associates, P.C.

The answer depends upon the type of organization/company in which you hold a minority interest. Is it a proprietorship, partnership, LLC or corporation? In most cases, an owner has the right to review/audit the books and records of the company, at reasonable times and places. If the those in control refuse to give you the information that you seek, then you should retain an attorney to get you access to the information. If they are not giving you information, then it sounds like they have something to hide and you need legal advice.

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Answered on 9/03/14, 3:00 pm


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