Legal Question in Business Law in Florida

I started a car business company with a person. He's put up most of the money up around $10k I have only put 2k. I been running the company and he hasn't done anything but the investment of the $ 10k. Now all of a sudden he wants his money and to dissolve the company. I told him he can't do that and i open a new company bank account because he cause a small negative balance. I continued to do business as usual and now a month later he wants to sue me for the $ 10k and is claiming fraud. And fraud serious claim, I didn't do anything out of the ordinary how can he claim fraud? I don't want to end up paying him anything. We never wrote out an operation agreement so I don't know what to do.

* It's an LLC in FL


Asked on 10/07/13, 1:45 pm

1 Answer from Attorneys
David Slater David P. Slater, Esq.

If he sues, retain counsel.

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Answered on 10/07/13, 2:07 pm


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