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CalAttorney2
CalAttorney2, Attorney
Category: Business Law
Satisfied Customers: 10244
Experience:  I am a businesses law attorney, with experience advising and representing owners and investors.
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As a partner in a LLC, I was assessed $15,000. They state

Customer Question

As a partner in a LLC, I was assessed $15,000. They state that if I do not pay said assessment by a certain date, I will be
" NO LONGER IN GOOD STANDING "
What does this mean ????
Also, I've emailed them twice as to what this means. Still no reply !!!
This LLC is located in Arizona as am I.
Thanks !!
Dohrman Grant ***@******.*** (###) ###-####
Submitted: 6 months ago.
Category: Business Law
Expert:  CalAttorney2 replied 6 months ago.

Hello, My name is ***** ***** I will assist you today. Please give me a few minutes to write a response and identify any additional resources for you.

Expert:  CalAttorney2 replied 6 months ago.

"not in good standing" is going to be determined by the internal governing documents of your LLC (so operating agreement or similar document) that determines things such as voting rights and similar rights for members.

Unfortunately, there is no state rule that determines what "good standing" is.

If you do not have a copy of your LLC's governing documents are, you can request them as a member.