Governing documents of an LLC, the “operating agreement,” should provide detailed information on how most ownership disputes within the business should be dealt with by a fellow member. An operating agreement should identify the responsibilities of each member and the first course of action to be taken to resolve a dispute. Alternatively, an operating agreement may provide that the members are not liable to each Read More
Business Ownership Dispute
Can I sue another member of the limited liability company (LLC)? Governing documents for an LLC, the “operating agreement”, should provide detailed information on how most ownership disputes within the business should be dealt with by a fellow member. An operating agreement can direct that each member be held responsible for wrongdoing to another member, so that one member can take legal action against another Read More
