but I dont want to lose the place after spending 8 monthd .in LLC agrement says for saling the place we both have to be agree I know he can not sale the place wiht out me but what is my right if I have to lose
very good location and 20 years leese is he responseble for my lost or no
Many possibilities exist. There are not likely any losses (to you) that you can prove or partner would not be wanting out AND you would have money to buy partner out. You will need to (as noted by the other fine attorneys) have a complete document review.
Your question is not entirely clear. The operating agreement you refer to would have to be reviewed thoroughly to properly advise you.
He will have to buy you out. It would be useful to have other backing., or obtain a loan.
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I agree with both attorneys the operating agreement should set forth what is to occur when a partner disagrees or wants to sale.
This response will not create an attorney-client relationship between you and The Law Office of Anthony Munoz, and is not intended to serve as a legal advice in your specific circumstances. This response is a legal opinion based solely on facts represented and you should not rely on this legal opinion as a legal advice. You still need to consult an attorney directly to fully protect your legal rights.
As noted by other responses you need a full document review to determine what rights, conditions and options are in the operating agreement. Can you force the other member to put up the money they agreed to? No you can not but could you have calculable damages which could be linked to their breach of their agreement as well as other basis in law? That is why you need to consult with a business attorney to determine and be informed of the costs involved to litigate such claims.
Best to you.
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