Are you concerned about a dispute over San Diego LLC distributions? If you are a member in a San Diego LLC and you are concerned about the distributions taken by another member in your company, you should take immediate action to protect your interests.
Disputes over member distributions are usually governed by the operating agreement for the LLC. In the absence of an operating agreement, or if the terms of that contract are vague (such as is the case in downloaded forms), California laws are written to protect the interests of the minority member, and unless your operating agreement specifically says otherwise those laws will govern the dispute.
A dispute over San Diego LLC distributions is usually resolved quickly and in a cost effective manner. Most of these disputes are resolved by our attorneys through leveraged negotiation. When necessary, we represent our clients in mediation or arbitration to protect their interests and accomplish their goals and objectives.
If you are concerned about fraud or the misappropriation of funds by a fellow member you will need the advice and representation of our experienced business attorneys. The burden of proof in these cases is quite high and requires skilled investigation as well as forensic accounting.
At the Watkins Firm, we have served members of LLCs and the San Diego business community for decades. We have helped to resolve scores of contract disputes, and disputes between members in LLCs. We can help you. The behavior associated with inappropriate withdrawals or disbursements will continue in all likelihood. If you are concerned about how the money in your LLC is being handled, we invite you to contact the Watkins Firm or call us for a free and thorough consultation at 858-535-1511. We’ll review your legal position, the condition of your corporate documents and provide sound advice to protect your personal interests and those of your company.