Matthew Joseph Lapointe’s Answers

Matthew Joseph Lapointe

Clearwater Business Attorney.

Contributor Level 3
  1. How do i legally split from LLC business (50/50 partnership), partner has business licence, i did taxes, paperwork.

    Answered 10 months ago.

    1. Ruth Elaine McMahon
    2. Frank A. Natoli
    3. Matthew Joseph Lapointe
    4. William Edward Gschwind
    4 lawyer answers

    I refer to this kind of situation as a "business divorce." A business lawyer with LLC experience can help you extricate yourself from this business. The LLC Operating Agreement is very important as it governs whether, and how, a member may withdraw from the Company. If there is no LLC Operating Agreement, the newly revised Florida LLC Act's default rules will govern. Unfortunately, many business people get into LLCs with little or no legal guidance and then when they need to get out they...

  2. What do I need to do to protect myself in joining an LLC?

    Answered 10 months ago.

    1. Barry Evan Haimo
    2. Brian D. Swan
    3. Mark Robert Mohler
    4. Matthew Joseph Lapointe
    4 lawyer answers

    Limited Liability Companies are the entity of choice these days because they are so flexible. That flexibility can also create traps for the unwary, however. A comprehensive LLC Operating Agreement is essential. The standard, off-the-shelf Operating Agreements available on line are basic, plain vanilla forms. They do not cover essential issues such as: what are the roles of the Members? Under what circumstances may a Member be expelled? What happens to a Member's ownership interest in...