Mybiz partner refuses to make a distribution LLC. My taxes are past due i live in florida, is that legal??
1 attorney answer
The first place to look is the operating agreement for the LLC, to see what it provides as to the frequency and timing of distributions. If the agreement is silent, you need to consult Florida's LLC law. You should consult with an experienced Business Attorney to review the operating agreement and any other applicable documents.
The foregoing discussion does not establish an attorney-client relationship, is qualified by the limited facts presented above, and should not be relied upon as legal advice. My intention in answering questions is to provide guidance that will familiarize the public with the subject matter and facilitate selecting and interacting with attorneys. To obtain definitive legal advice upon which one can rely necessitates retaining an attorney who is qualified in this particular area of the law.