Legal Question in Business Law in Georgia

LLC Partnership

I and my partner have an LLC. The operating agreement in the corporate books were never signed. Do we have a legally binding partnership?


Asked on 12/14/07, 9:36 pm

3 Answers from Attorneys
Glenn M. Lyon, Esq. MacGREGOR LYON, LLC, Business Attorneys

Re: LLC Partnership

In addition to Mr. Riddles' advice in his posting, it is certainly possible to have a binding verbal agreement between two partners or principals of a company in any form. Plus, you state in your posting that he/she is your partner.

If you would like to discuss any issues further, please feel free to contact my office. 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 12/15/07, 8:39 am
Charles W. Field Charles W. Field, Attorney at Law

Re: LLC Partnership

Have an attorney review all the documents as well as go over your and your partner's conduct. You may well have a legal arrangement.

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Answered on 12/15/07, 3:05 pm
Scott Riddle Law Office of Scott B. Riddle, LLC

Re: LLC Partnership

You mention an LLC, Partnership, and corporation -- three different forms of entities -- in two short sentences. Have a lawyer review the documents (including the important ones not mentioned) and facts and, if necessary, prepare the documents to remedy any defects.

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Answered on 12/14/07, 9:41 pm


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