Legal Question in Business Law in New Jersey

Llc
One partner has taken all assests of the LLC as well as cut the other partner off the banks accounts and is paying only bills associated with his name. Claimed he wanted the entire business drafted papers to turn business over to him. Did not sign. What are the our parnters options. Business is failing afraid he is selling assests.

Asked on 2/26/09, 3:34 pm

4 Answers from Attorneys

Walter LeVine Walter D. LeVine, Esq.

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Re: Llc

I agree that you should retain an attorney and act quickly, to preserve your rights. Litigation is needed and you must get a restraining order to prevent any further action as well as an seeking an accounting of all that has been done to date.

Answered on 2/27/09, 1:24 pm

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Robert Davies The Davies Law Firm, P.A.

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Re: Llc

Call a lawyer today. Heck, call me. but act now.

you are at serious risk from your partner, and every minute makes it worse.

My contact information can be obtained from the links below, just click on the Attorney Profile link. Let my secretary know you found me through LawGuru. This website, LawGuru, will NOT let me list my phone number in this response.

Disclaimer: Your question and any response does NOT create an attorney-client relationship between you and this law firm. You can not rely on the statements made by an attorney given over the internet. The response that you have received is based only on the small amount of information which you have provided. The exact facts of your situation, including facts which you have not mentioned in your question, may completely change the result for your situation.

Answered on 2/26/09, 3:57 pm

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Barry Kozyra Kozyra & Hartz, LLC

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Re: Llc

You need to gather all of your documents and proofs and get to a lawyer ASAP to seek a restraining order and other relief before it is too late. failure to act may leave you out in the cold.

We have a number of lawyers here who could assist you. Please call for an appointment if you are interested.

Disclaimer: Your question and any response given are not intended to create an attorney-client relationship. The response given is not intended to be relied upon by you or anyone else as it is based only on the limited information which you have provided. Other information is needed before advice can be given including facts which you have not supplied which may change the response to your question. You should consult with an attorney as soon as possible to assess your legal rights so as not to prejudice yourself.

Answered on 2/26/09, 4:01 pm

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