How JustAnswer Works:

  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.

Ask BizLawyerNate Your Own Question

BizLawyerNate
BizLawyerNate, Attorney
Category: Business Law
Satisfied Customers: 10562
Experience:  7 Years of Legal Experience Representing Small Business Owners
11217539
Type Your Business Law Question Here...
BizLawyerNate is online now
A new question is answered every 9 seconds

In Nov. a voting agreement of majority (registering agent and

Customer Question

In Nov. a voting agreement of majority (registering agent and other managing agent agreed) the party being removed disagreed yet, when the majority voted yes we did so. This action was necessary because it was the first action necessary to remove him from the bank account. We had to remove him from having access to the account because without notifying the other two partners he elected to PAY HIMSELF more money. This and several others actions some of mis management of the funds and one other action when he removed 20,000 from the account, again paying himself this amount without our knowledge. When we discovered what he did in order to protect the company we voted him off the LLC, removed him from handling the financial job responsibilities of the company /LLC --- and began doing our best to get the accounting straight and recover from the funds taken without our knowledge. Did we take the right steps.
Submitted: 3 years ago.
Category: Business Law
Expert:  BizLawyerNate replied 3 years ago.
Thank you for your question and welcome to Just Answer.

Yes, you did. Technically, you would owe him for his percentage ownership, but I'm betting that is somewhat offset by what he embezzled.

I don't know if it matters to you to prosecute him, but what he did was criminal. If you think it's worth getting the money back he stole, a criminal prosecution would include repayment as well.

I will be happy to follow up with you if you have additional questions. In the meantime, please click ACCEPT so that I can get credit for answering your question. Of course, if you really liked what I could help you with, please consider a Bonus, too!

Also, please keep in mind I want you to be satisfied. Please continue to follow up with me if you need more clarification.

Thanks!

Nathan Moore
Customer: replied 3 years ago.
QUESTION: I have an unlimited subscription on just answer... if I accept your answer will my charge card be charged again or do you just get credit for the answer with no additional charges to me? WHAT IS THE BONUS? Also I have additional question under this same question... if I accept without having my question fully answered do I ask the question then accept again? If so my question remains... is my card only being charged the monthly unlimited fee... not additional changes???

Below is the copy of the reminder from JUST ANSWER

(Hello,

This is a reminder that your Unlimited* Subscription on JustAnswer will be renewed in three days. Take advantage of your Subscription and Ask a Question Now!

If you wish to continue with your Unlimited Subscription on JustAnswer, your account will be automatically billed for another 30 days of service.
Expert:  BizLawyerNate replied 3 years ago.
Right. Your card will not be charged any more. Accepting gives me credit for my time helping you. I will be happy to.follow up as well.

A bonus is appropriate if you were especially pleased with my assistance.
BizLawyerNate, Attorney
Category: Business Law
Satisfied Customers: 10562
Experience: 7 Years of Legal Experience Representing Small Business Owners
BizLawyerNate and 5 other Business Law Specialists are ready to help you
Customer: replied 3 years ago.
Since the one managing agent was removed within the law of LLC and he no longer is on the LLC or the bank account for the removing monies from the account without the other two managing agents even knowing about it does he have a right to have copies of the LLC records?
Expert:  BizLawyerNate replied 3 years ago.
Absolutely not. If he is no longer a member, he has no right to view or possess any company records.
BizLawyerNate, Attorney
Category: Business Law
Satisfied Customers: 10562
Experience: 7 Years of Legal Experience Representing Small Business Owners
BizLawyerNate and 5 other Business Law Specialists are ready to help you
Customer: replied 3 years ago.
QUESTION: Before the one partner was removed from the LLC... when we discovered this one partner had raised his weekly pay without notifying us we brought this action to his attention that he could not pay himself back for any monies he put into the company without a vote. When we discovered he had increased what he was paying himself and he also took out a lump sun of money from the checking account for the very same reason we told him that without a votes it was illegal. He became very upset saying he could do whatever he wanted and what he did was not illegal. He indicated it was money he spent and had every right to pay himself back. We told him he could not do that without informing the other managing agents of the LLC. Is he right or are we?
Expert:  BizLawyerNate replied 3 years ago.
You are correct. Disbursements can only be done pursuant to a vote or by provisions in the operating agreement. One cannot independently just take money out.

JustAnswer in the News:

 
 
 
Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.
 
 
 

What Customers are Saying:

 
 
 
  • Mr. Kaplun clearly had an exceptional understanding of the issue and was able to explain it concisely. I would recommend JustAnswer to anyone. Great service that lives up to its promises! Gary B. Edmond, OK
< Last | Next >
  • Mr. Kaplun clearly had an exceptional understanding of the issue and was able to explain it concisely. I would recommend JustAnswer to anyone. Great service that lives up to its promises! Gary B. Edmond, OK
  • My Expert was fast and seemed to have the answer to my taser question at the tips of her fingers. Communication was excellent. I left feeling confident in her answer. Eric Redwood City, CA
  • I am very pleased with JustAnswer as a place to go for divorce or criminal law knowledge and insight. Michael Wichita, KS
  • PaulMJD helped me with questions I had regarding an urgent legal matter. His answers were excellent. Three H. Houston, TX
  • Anne was extremely helpful. Her information put me in the right direction for action that kept me legal, possible saving me a ton of money in the future. Thank you again, Anne!! Elaine Atlanta, GA
  • It worked great. I had the facts and I presented them to my ex-landlord and she folded and returned my deposit. The 50 bucks I spent with you solved my problem. Tony Apopka, FL
  • Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help. Mary C. Freshfield, Liverpool, UK
 
 
 

Meet The Experts:

 
 
 
  • Law Pro

    Attorney

    Satisfied Customers:

    1426
    20 years experience in business law - sole proprietor, partnership, and corporations
< Last | Next >
  • http://ww2.justanswer.com/uploads/LA/lawpro/2012-6-25_171315_PT206740s.64x64.jpg Law Pro's Avatar

    Law Pro

    Attorney

    Satisfied Customers:

    1426
    20 years experience in business law - sole proprietor, partnership, and corporations
  • http://ww2.justanswer.com/uploads/DC/DCraneEsq/2012-8-14_14436_DCrane.64x64.jpg MShore Law's Avatar

    MShore Law

    Attorney

    Satisfied Customers:

    1233
    Drafted Negotiated and/or Reviewed Thousands of Commercial Agreements
  • http://ww2.justanswer.com/uploads/FL/FLAandNYLawyer/2012-1-27_14349_3Fotolia25855429M.64x64.jpg FiveStarLaw's Avatar

    FiveStarLaw

    Attorney

    Satisfied Customers:

    1162
    25 years of experience helping people like you.
  • http://ww2.justanswer.com/uploads/dkaplun/2009-05-17_173121_headshot_1_2.jpg Dimitry K., Esq.'s Avatar

    Dimitry K., Esq.

    Attorney

    Satisfied Customers:

    1142
    Run my own successful business/contract law practice.
  • http://ww2.justanswer.com/uploads/ohioatty/2009-1-22_185545_me.jpg J.Hazelbaker's Avatar

    J.Hazelbaker

    Attorney

    Satisfied Customers:

    393
    Experienced and trained in the area of business law.
  • http://ww2.justanswer.com/uploads/scottymacesq/2009-6-10_221523_small.jpg RGMacEsq's Avatar

    RGMacEsq

    Attorney

    Satisfied Customers:

    393
    Licensed Texas General Practice Attorney
  • http://ww2.justanswer.com/uploads/BA/barristerinky/2012-6-10_22423_office.64x64.jpg Barrister's Avatar

    Barrister

    Attorney

    Satisfied Customers:

    301
    13 years practicing attorney, MBA