Legal Question in Business Law in Georgia

I have an LLC company that i am the sole agent for . I provided remodel services for a property that is jointly owned by myself and a partner. He insist i should have remodeled the joint property at my cost of materials and at what i pay my men per hour. My base cost. My position is i have overhead in my remodel LLC business and am not a non profit origination and even though we plan on selling the joint adventure and dividing the profit my LLC construction company did 100% of the work and it has overhead. We have built homes together in the past and this was not an issue, now money is tight and he wants my canceled checks from my LLC to see my cost basis. Who is right?


Asked on 5/03/11, 11:43 am

1 Answer from Attorneys
Glenn M. Lyon, Esq. MacGREGOR LYON, LLC, Business Attorneys

It depends on what the operating agreement states for the jointly owned LLC. If the agreement addresses the situation, look to it. If not, I think as long as the total remodeling costs are standard to the industry (i.e. you did not overcharge), then you should not have any liability.

If you would like to discuss any issues further, please feel free to contact my office. The link to my contact information is below. Thank you.

The foregoing is general information only, not specific legal advice. No attorney/client relation has been created or should be implied.

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Answered on 5/03/11, 11:47 am


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