Legal Question in Business Law in Ohio
Llc
if there is no written agreement between partners (just verbal) but both are listed as authorized representatives on the LLC articles, are they 50/50 partners?
Asked on 10/24/07, 11:35 am
1 Answer from Attorneys
Robert Rosplock
Rosplock & Perez
Re: Llc
An LLC has members, not partners, and should have a written Operating Agreement covering ownership and other issues. Without any agreement, you have a strong argument for equal ownership unless other evidence indicates otherwise.
Answered on 10/24/07, 12:28 pm
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