Legal Question in Business Law in Florida

I have a FL LLC, that sells clothing online. It is owned by myself and another person. My partner has decided to dissolve the partnership after 6months and is refusing to return my investment unless I agree to their terms and conditions, which is basically signing everything over to him/her so they can run the business solo, and keep all the design work I have done.

I have invested my own money in a lump sum of cash and provided a lot of graphic design work for our company. I have received less than $500 return from the business, and have invested $1500 + my services for design work, which if done for a customer and not for my own business, would be around $2000+. The partner has changed all the passwords for our accounts, so now I have no control over anything. What are my options?


Asked on 7/21/11, 10:36 am

1 Answer from Attorneys
Cary Levinson Levinson & Capuano, LLC

Before you consider your "options", you should first consider your rights under whatever partnership or other agreement was signed between you and your partner. If no agreement was entered into, it's possible that litigation may end up costing you more than you may stand to gain.

If you did enter into an agreement, I'd suggest you contact an attorney to discuss your rights under the agreement before signing anything else with your partner.

This is NOT LEGAL ADVICE. It is intended for informational purposes only and should not be relied on to make any legal or medical or other major decisions. If you have any specific questions or inquiries regarding any of this information, you should consult with an attorney licensed in your state.

Cary Levinson, Esq.

Levinson & Capuano, LLC

(954) 703-2110

[email protected]

BrowardLegal.com

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Answered on 7/21/11, 10:46 am


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