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Is this an actual person or an automated system? I have a
I have a small arts nonprofit in california with a partnership dispute. I am trying to understand the language of the withdrawl of a partner. She put in $18k and has 1/3 stake in the business according to our agreement. We ran the business as a nonprofit so it lost money and now has around $12k in the bank. If she withdraws do we owe her 18k or 1/3 of the $12k we now have in our possession? … read more
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I am searching for a very very simple/clear cut guideline for a business partnership where Partner A is contributing Equity in the form of cash while Partner B is contributing equity in the form of In… read more
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My wife and my wife's friends are partners with 51% and 49%
My wife and my wife's friends are partners with 51% and 49% in a LLC firm. My wife's friend with 49% partnership hasn't committed any capital or time and doesn't have interest to move forward with us.… read more
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, I own 49% and my partner own 51%. I have a couple of questions 1.
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I have recently invested to a company and looking for suggestion
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DamienJD
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I am a managing partner in a Florida LLC with three other members.
I am a managing partner in a Florida LLC with three other members. My share is 47%, others are minoriry shareholders. We needed capital for the business and all members contributed their share except … read more
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We have an LLC that will be dissolved once we sell a property
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Startup Equity: Can a partner who leaves a start up in the beginning stages ask that his/her equity not dilute until after a certain valuation? We are still in the beginning stages of our startup. Ini… read more
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In 2010 I formed, and have a 45% membership interest in, a
In 2010 I formed, and have a 45% membership interest in, a Florida Partnership LLC. My partners (husband and wife) recently voted me out as a managing member without cause (we were all manager members… read more
MShore Law
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QUESTION: Breaking up EQUITY in an existing Business Parnership I
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My partner and I have 50:50 ownership of an LLC. Our capital
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socrateaser
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My LLC in Washington State has the following 2 line items
My LLC in Washington State has the following 2 line items: ############# 2.2 Additional Restrictions. The vote, approval or consent of all the Members shall be necessary to authorize the Manager(s) to… read more
Richard - Bizlaw
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Regarding a capitol call in the state of florida. If a business
Regarding a capitol call in the state of florida. If a business is loosing money and one of the partners makes a capitol call is that legal? Does the capitol call have to be made by more than one shar… read more
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An LLC was formed in FL by a member of the group agreeing to do so. Only half of the members are listed on the state website. 4 of the members, one unlisted as of yet with the state have all agreed ve… read more
socrateaser
socrateaser
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Can you please answer my last question that i submitted online.
Can you please answer my last question that i submitted online. Nobody seems to be able to step up. Thanks! Chris Cline… read more
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Was just online with regard to partnership agreement, got hung
Was just online with regard to partnership agreement, got hung up with passwrd. Two partners both married,husbands, not wives part of partnership. What start up docs do we need? Partner 1 has substant… read more
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I am a partner in an 8 member LLC. We are all prorata partners.
I am a partner in an 8 member LLC. We are all prorata partners. Two partners raised debt capital and we all agreed/understood we would all be diluted equally with the admission of the new member. I ha… read more
Infolawyer
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I have investment property with 4 partners, and I could not
I have investment property with 4 partners, and I could not pay my share. The partnership is registered as LLC company. One partner and one outsider said they take over, but did not make any progress.… read more
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DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.

The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

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