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  1. #1
    Join Date
    Mar 2010
    Location
    Los Angeles, CA
    Posts
    2

    Default LLC Business Dispute in California

    My question involves business law in the state of California. I formed an LLC with a friend who opened up a bank account for our deposits. Our partnership is 50% profit sharing equally between us. My business partner has refused to give me access to the account, has been billing our clients who send the checks to his home address, and using the funds for his own purposes. He has disbursed some money to me early on in our relationship, but now will not allow me access to the account or subsequent funds that he claims he did the work on.

    I'd like to sue for access to the account and any profits due, but since I have no idea what he's been spending the money on, or what's left.. I feel like he's raided the cookie jar.

    In addition, he changed the business address of record to a business near his house without notifying me of the change.

    What are my next steps?

  2. #2
    Join Date
    Sep 2005
    Location
    Behind a Desk
    Posts
    98,846

    Default Re: LLC Business Dispute in California

    What does your operating agreement say about who will manage the LLC, and access to the books?

    Are you planning to withdraw from the LLC or otherwise try to end the business relationship?

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