Legal Question in Business Law in Georgia

Partner/Investor rights

I am an investor/partner in a small gym with approximately 30% ownership. I initially took part in this endeavor as a active partner, but have been relegated to a silent investor. I am now having difficulty communicating with the majority owner and manager of the gym on the operations and financial status of the business. There is clear animosity between us, but I feel we can work it out. My goal is to get an outside audit of the books over the last year as well as set up specific roles and responsibilities for gym management (i.e. financial reporting, operational communications, and work responsibilities). Want are my legal rights to force capitulation?


Asked on 11/21/08, 11:00 am

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

Re: Partner/Investor rights

That really depends on what type of business entity it is, your exact position/role and the company documents. However, you most likely have a right to perform an audit and/or inspect the financial records. If the majority principals are not recognizing your rights, have an attorney review the relevant documents and maybe send a demand letter.

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 11/21/08, 1:06 pm


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