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?
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.
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.
Justia Ask a Lawyer is a forum for consumers to get answers to basic legal questions. Any information sent through Justia Ask a Lawyer is not secure and is done so on a non-confidential basis only.
The use of this website to ask questions or receive answers does not create an attorney–client relationship between you and Justia, or between you and any attorney who receives your information or responds to your questions, nor is it intended to create such a relationship. Additionally, no responses on this forum constitute legal advice, which must be tailored to the specific circumstances of each case. You should not act upon information provided in Justia Ask a Lawyer without seeking professional counsel from an attorney admitted or authorized to practice in your jurisdiction. Justia assumes no responsibility to any person who relies on information contained on or received through this site and disclaims all liability in respect to such information.
Justia cannot guarantee that the information on this website (including any legal information provided by an attorney through this service) is accurate, complete, or up-to-date. While we intend to make every attempt to keep the information on this site current, the owners of and contributors to this site make no claims, promises or guarantees about the accuracy, completeness or adequacy of the information contained in or linked to from this site.
