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Attorney2020
Attorney2020, Attorney
Category: Business Law
Satisfied Customers: 2578
Experience:  I am a practicing attorney. I have experience in business law, bankruptcy, real estate law and estates.
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I had an operating agreement as a partner in a LLC. In the

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I had an operating agreement as a partner in a LLC. In the agreement I was to be paid $50,000 per year. The contract stated that I was to be paid in the usual manner as all employees of the LLC. The other member of the LLC said I was not to have taxes taken out and was to pay my own taxes(self-employment) which reduced my actual net pay considerably. He also took all of the loss of the corporation but I was 50% owner in the operating agreement. Recently the other member of the LLC dissolved our operating agreement.
My question is, since I am still on a loan agreement and 2 leases can I request to be removed from them and can I ask that he pay taxes that should have been paid for the last two years.
Submitted: 1 year ago.
Category: Business Law
Expert:  Attorney2020 replied 1 year ago.

Yes, however, did you personally guarantee the loan and lease agreement? Or did you sign the loan and lease agreement as authorized representative of the LLC?

Expert:  Attorney2020 replied 1 year ago.

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