Hello, I came up with an idea for a business
several years ago, asked 4 people to join the business, filed the original domain name. One of my business partners is an attorney and counseled me to have all members of the LLC
to have equal stake in the business, even though I requested that I have more of a percentage because it was my idea and brainchild. I know understand that she was in violation of Rule-3-300 of the California Bar
Rules. She did not suggest that I seek outside counsel. My partners have now asked me to withdraw from the business, and I'm wondering how to respond to the letter they sent. I want to pursue action against my partner for her violation of the code and the conflict of interest. She is a partner in a firm, and I'm wanting to let them know of her violation as well. I never in a million years would have agreed to equal partnership
if I had known that she would plan to steal my idea and company by making sure I did not have controlling interest. Should I respond to their letter and let all the partners know of her violation which happened when she counseled me via a phone conversation? She took advantage of my lack of knowledge, and also told me that even though the company was my idea, I did not have a right to take a greater percentage as the partners would resent me and not work as hard.
JA: Can you tell me what state the LLC is registered in?
JA: Has anything been officially filed? If so, what?
Customer: LLC has been filed, but I do not have the number and cannot find it on the government server. I did not sign the other organizational documents, such as the Operating Agreement
, etc. I don't want to be in business with any of them, but I want to make sure I am accurate in her violation of the Rule and let the other partners know that I could pursue legal action against her.
JA: Anything else you want the lawyer to know before I connect you?
Customer: I believe that is sufficient background info, thank you so much