Legal Question in Business Law in Texas

LLC Partnership Divorce

I am a 1/3 partner in an LLC consulting partnership that started on a couple of months ago. I have recently terminated my employment with the partnership due to irreconcilable differences. I have not surrendered my equity. what is my exposure moving forward if i can't reach an agreement for my equity?


Asked on 7/10/08, 4:35 pm

1 Answer from Attorneys
Jeffrey Brashear The Brashear Law Firm, PLLC

Re: LLC Partnership Divorce

Based on what you have written and more specifically dependent upon the terms of the operating agreement that was drafted when the LLC was born; your limits on personal liability could be from nothing to everything. Additionally, in this short time period, has the LLC been in the black or in the red? These numbers regarding the LLC's profits and/or losses could potentially be used to offset other items. If my law firm can assist you with this legal issue or any other legal matter, please contact my legal assistant Jennifer ([email protected]) to arrange for an initial consultation.

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Answered on 7/11/08, 9:57 am


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