| In these circumstances, any litigation (if he does) brought by him, would it adversely hurt me?"====>>>As said, this is a legal issue so perhaps you need soem accurate legal service from a tax attorney in yur local area.
I don't think he will bring in a judicial dissolution since the business prospects of the LLC is huge and he wouldn't dissolve the LLC as there would be no benefit to him. Everyone would loose in this scenario."====>>> I can't tell youanything on it; i guess it is up to the partner.
I am also taking to local business attorney, but would like to get a view from a tax professional as well."====>>>i guess it'd be a wise choice. Goodluck~~ |