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Arbitration re: LLC Separation Agreement

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S

settlenow

Guest
What is the name of your state? New Mexico

A separation agreement was signed agreeing to binding arbitration. The agreement also states that I will receive quarterly P&L statements and and when the biz makes money I will be paid back the monies owed to me. Well, the P&Ls are thoroughly incorrect - simple math is wrong, figures are incorrect, ommision of proper taxes being paid, miscellaneous expenses and fees paid out, etc. I feel the P&Ls are just made up to suffice the obligation to send them to me.

Question: Since I am receiving untrue and inaccurate financial information on the business and my repayment is based on the accuracy of these documents, can I go to arbitration to show the P&Ls are inadequate and fraudulent and demand full payment now? How can I really know the accurate financial situation of the company?

Any suggestions and or advice greatly appreciated.
 



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