Good evening. I can understand how you feel entitled to some compensation and you probably are. The problem is that you cannot unilaterally determine that compensation. You will either need to get an agreement among the other members that you are due some compensation and the amount you are due or you will need to file a claim against the LLC for compensation. What you can't do is simply determine on your own what you think you are due and make a payment to yourself.
I hope this has given you the guidance you were seeking. I wish you the best of luck!
The information given here is not legal advice. As all states have different intricacies in their laws, the information given is general only. This communication does not establish an attorney-client relationship with you. I hope this answer has been helpful to you.
I do believe that when you perform tasks that if you weren't to provide them you would have to pay to provide them, that you are entitled to compensation for those separate and apart from your membership interest. But, if you have been providing these services for 9 years without any payment and without asking for any payment, then if you were to simply now, upon dissolution and without consulting or seeking consent from the other members, take a lump sum of money to compensate yourself for the last 9 years...I believe you would be asking to be sued. If you have reasonable members, I think they would be receptive to some kind of compensation for the services you have provided. If they do not agree, I think you could bring a suit and very likely be awarded some compensation. But, with no agreement as to what you should be paid and a history of not taking anything and not saying anything, I think you want to be very careful about simply rewarding yourself unilaterally. You would be treading in dangerous waters.
No problem. Happy to help. I think if you present an invoice and the other members approve it...rather than simply putting it on the closing statement...you should be fine. If you put it on the closing statement and all the members sign the closing statement, that would be fine too since they would be approving the closing statement and everything on it. I apologize for my wording..I did not intend to imply any negativity.
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