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 Dimitry K., Esq. Your Own Question
Dimitry K., Esq.
Dimitry K., Esq., Attorney
Category: Business Law
Satisfied Customers: 41221
Experience:  Run my own successful business/contract law practice.
18572087
Type Your Business Law Question Here...
Dimitry K., Esq. is online now
A new question is answered every 9 seconds

I had a LLC company in florida of which I owned 80% of it.

Resolved Question:

I had a LLC company in florida of which I owned 80% of it. I closed it back in January 2012. To my surprise one of the 20% partner without my concent or approval when ahead and did a revocation on February 2012 to reopen the company I closed. can the do this without my authorization. Can i file a lawsuit aganst them for doing this without my concent or approval. Thank You
Submitted: 5 years ago.
Category: Business Law
Expert:  Dimitry K., Esq. replied 5 years ago.
Thank you for your question.

The answer is "yes", he can. Since he is a partner of the business, even if a small partner, provided he owns more than 10%, he is able to restart the business if he so wishes and run it himself. There is nothing improper or illegal here, you both had ownership rights to the company, and once you indicated that you closed it, he as the other partner could take it over.

Good luck.
Customer: replied 5 years ago.
Thank you... I no longer have anything to do with the company i closed that my partner reopened. I'm not liable or have anything to do with this company reopend. Am my responsible at all for anthing on this company being reopen. I want nothing to do with this company. Am I still bound to this company even though i closed it and my partner reopened
Expert:  Dimitry K., Esq. replied 5 years ago.
Thank you for your follow-up.

If the company had any outstanding debts when closed, or for any debts or obligations prior to reopening, you would still be liable. Going forward you would not be--just make sure that your name is XXXXX XXXXX anywhere, and that he opened it solely under his name so as to terminate your liability to the business.

Good luck.
Dimitry K., Esq. and 4 other Business Law Specialists are ready to help you