Can my LLC partner-member exclude me from vital information? No Op Agmt in place.

This is a discussion on Can my LLC partner-member exclude me from vital information? No Op Agmt in place. within the Business and Financial Law Questions forums, part of the Legal Questions & Answers Forum category; My co-member partner has begun employing the use of strong-arming intermediaries to try and force me out of the company, apparently based on a belief that she owns 60% voting ...

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  1. #1
    CTK
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    Can my LLC partner-member exclude me from vital information? No Op Agmt in place.

    My co-member partner has begun employing the use of strong-arming intermediaries to try and force me out of the company, apparently based on a belief that she owns 60% voting control despite the absence of a written agreement stating such. Her belief seems to stem solely from a business bank account which the bank designates as owned 60/40 in her favor. I have discussed the matter with several bank reps and bank policy simply DOES NOT require this document prior to establishing a banking account and, therefore, is not considered presumptive evidence of the existence of one.

    My partner may be being fed misinformation from her non-member husband who has attempted in the past to ensure me that this account is, in fact, proof of an operating agreement. Regardless of her motives, however, the fact remains that my partner has now unilaterally blocked me access from all company social media sites, company email accounts and has promised me vital expense and creditor information, without ever delivering. This reached a head this week when her husband threatened me with liability in my role as "tax matters partner" - a role I could not properly perform due to my partner's actions.


  2. #2
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    You need a lawyer and hopefully have a partnership agreement outlining how these things are to be handled.


 

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