What is the name of your state? Massachusetts
I am one of two members in an LLC. I am the only creditor to the corporation and my partner was a sweat equity partner.
It is a 50/50 share split.
After two years, I have made a request to him that we dissolve the LLC. I have not heard back from him yet.
As the creditor, can I state a claim against the LLC? And can he deny such a claim? The assets do not even come close to covering what is owed to me by the business.
Can a single individual operate an LLC, or does there need to be more than one individual to form an LLC?
I am one of two members in an LLC. I am the only creditor to the corporation and my partner was a sweat equity partner.
It is a 50/50 share split.
After two years, I have made a request to him that we dissolve the LLC. I have not heard back from him yet.
As the creditor, can I state a claim against the LLC? And can he deny such a claim? The assets do not even come close to covering what is owed to me by the business.
Can a single individual operate an LLC, or does there need to be more than one individual to form an LLC?