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Posted Feb 1st, 2012
What legal rights do I have as a business Owner?

Additional Details:
I''m in business with my brother inlaw ( Bar, LLC) since June of 2009. I stopped working in December
of 2009 because the business relationship was not working. I told them they could run it since thats
what they were doing anyway. As of now I have not made a cent after a lot of hard work and money. I
need to resolve my situation.
Legal Topic Area: Business Law in MI

By "telling them they could run it," you may have abandoned your rights to participate in management. Your rights as a member of an LLC are determined by the operating agreement, or, if you do not have an operating agreement, by applicable state law. What does your operating agreement say about your right to withdraw?


Answered on Feb 4th, 2012 at 12:22pm