Schaumburg, IL asked in Business Law for New Jersey

Q: Do I have to continue answering new inquires and singing new clients if LLC may get dissolve soon?

I am a 50% partner of LLC which has one more member. Due to recent events, I am discussing LLC dissolution with my partner. She already knows that I am not interested in continuing this partnership. We are negotiating the exit but in meanwhile do I have to continue answering new inquiries and sign new clients/contracts? If I do not answer to new inquiries, can he sue me for not doing my fiduciary duties?

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2 Lawyer Answers
H. Scott Aalsberg
H. Scott Aalsberg
Answered
  • East Brunswick, NJ
  • Licensed in New Jersey

A: The answer is maybe and could be in your operating agreement for the LLC which I lawyer would need to review. I suggest you hire a lawyer for the dissolution and ask that lawyer what you should do otherwise you do risk a law suit.

Paul J. Riviere
Paul J. Riviere
Answered
  • Jackson, NJ
  • Licensed in New Jersey

A: Generally you do not have to answer questions and such if the Members have voted and approved dissolving the entity. Get get counsel to get you out cleanly.

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