Q: Had stock in a LLC because they were upset I was no longer a friend with them he took away my stock

A: He can't simply take your ownership interest away. Substantially more information is required to determine what options are available to you. I suggest you organize all the documents you have and present them to an attorney. You will need to determine how much to spend on an attorney.

A: If someone took away your stock in an LLC because of a personal dispute, the first thing you need to do is review the operating agreement of the LLC. This document typically outlines the rules governing ownership, transfer, and removal of stock or membership interests. It will also help clarify whether they acted within their legal rights or violated your ownership rights.

If the operating agreement doesn’t provide any justification for their actions, you may want to consider whether there were any breaches of contract or fiduciary duties. In California, LLC members have certain protections, and ownership interests cannot be removed without following proper procedures. It’s important to gather all documentation related to your ownership in the LLC, such as purchase agreements, certificates, or prior correspondence.

You should also explore whether this action caused you any financial harm. If you lost value or income from your ownership, that might strengthen your claim. Once you have a clear understanding of your situation, you can take steps to resolve it, such as sending a demand letter or seeking legal advice to protect your rights.