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Thank You, XXXXX XXXXX better now and will act on that tomorrow. if i chose to release myself from the lease and remove my name from the LLC, all liabilities, do i also have the right to half of the monies in our Profit Account as it sits the day i decide to remove myself from the company?
i see, so that i am clear and then i am going to accept your answer and end my endless questions.
i have a trust account (the account we remit to our clients for their profit "portion" from the debt our firm collected on a contingency basis), so as long as i dont touch that account and leave him the monies to properly pay the clients i am okay.
in other words, the profit account is the account money is transferred to after all expensed paid, so by me taking my half of the balance from that account, i dont feel i am leaving him in a situation that is causing harm to his day to day business activites. am i correct in that assumption? thanks again, your insight and experience is going to make me able to sleep tonight.
we do use that account to pay wages, rent and utilities, we have paid everything for the month of September 2010, so let's say that after those are all accounted for and i decide to walk away in the month of September, all wages, rent etc are paid, i should be able legally to access half of the remaining balance in our account?
i am fearful that he is going to go the bank and do something and leave me hanging, can i take my half now, stay on the company (meaning i am acknowledging full liability) and then work out an amicable seperation for a certain dollar figure later?
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