If the joint venture agreement gives you a 10% interest in the company - then you have the right to demand inspection of the company books - any and all records of anything. The company has to open their books for your inspection, review, and even copying.
We are not allowed to communicate outside this venue. However, you can email it [email protected]
and the moderator on duty will be happy to forward it to me for review.
The statutes allowing you to inspect the LLC's books is pursuant to the Forida Limited Liability statutes.
Here is a link to such:
Specifically the following:
608.4101 Records to be kept; right to information.--
(1) Each limited liability company shall keep at its principal office the following records:
(a) A current list of the full names and last known business, residence, or mailing addresses of all members, managers, and managing members.
(b) A copy of the articles of organization, all certificates of conversion, and any other documents filed with the Department of State concerning the limited liability company, together with executed copies of any powers of attorney pursuant to which any articles of organization or certificates were executed.
(c) Copies of the limited liability company's federal, state, and local income tax returns and reports, if any, for the 3 most recent years.
(d) Copies of any then-effective operating agreement and any financial statements of the limited liability company for the 3 most recent years.
(e) Unless contained in the articles of organization or the operating agreement, a writing setting out:
1. The amount of cash and a description and statement of the agreed value of any other property or services contributed by each member and which each member has agreed to contribute.
2. The times at which or events on the happening of which any additional contributions agreed to be made by each member are to be made.
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