Legal Question in Business Law in Utah

Forefeiture of ownership

I think I let a business partner cheated me out of my 1/2 of our company.

Back in March an S-Corp in his name was formed has a holding company of LLC we were 50/50 owners in. It was my understanding that the LLC was not dissolved, but the S-Corp would act as kind of a parent ownership. I did not explicitly sign over my 1/2, but I was informed today that the LLC was dissolved and I have nothing. What if any legal recourse do I have, and what should I do next - (beyond finding an attorney.


Asked on 2/02/09, 6:27 pm

1 Answer from Attorneys
Alvin Lundgren Alvin R. Lundgren, L.C.

Re: Forefeiture of ownership

You are going to need an attorney to review the documents and agreements to ascertain your situation and possible solutions. You may call for a free consultation.

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Answered on 2/02/09, 6:31 pm


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