Legal Question in Business Law in California
If a person is having problems with another owner of an LLC, what is the best way to have him removed? There are only 2 members and the other member is driving away customers, and mismanaging funds. What can I do quickly
3 Answers from Attorneys
The company bylaws and policies determine and dictate how you may do so. Read them. Your last resort if he doesn't cooperate is to file suit to either remove him, or for an accounting, partition and distribution of assets while closing the company. If serious about getting the legal help you'll need, feel free to contact me.
You likely will need to dissolve the company. Contact me directly.
As a franchise attorney, I can say you need to consult the LLC's operating agreement, not bylaws. Bylaws are used for corporations, not LLC's. And the operating agreement may not provide a solution. Consult with a good business or franchise attorney in your area for a review of your facts and circumstances as well as for specific advice.
Mr. Franchise - Kevin B. Murphy, B.S., M.B.A., J.D.
Franchise Attorney
Franchise Foundations APC
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