Are you concerned about an LLC distribution dispute in San Diego or Southern California? If you are a member in a San Diego LLC and you are concerned about the distributions taken by another member or the amount you have recently received from your company, you should take immediate action to protect your interests.
Disputes Over an LLC Distribution
Disputes over an LLC distribution in San Diego are unfortunately quite common. The controlling contract in these disputes is 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.
How is an LLC Distribution Dispute in San Diego Usually Resolved?
The Watkins Firm has helped to resolve LLC distribution disputes for almost four decades. An LLC distribution dispute in San Diego and Southern California is usually resolved by your Watkins Firm attorney in a timely and cost-effective manner. The majority of LLC distribution 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.
What Are the Most Common LLC Distribution Disputes Based Upon?
The most common LLC distribution disputes are based upon questions regarding how and when members are to receive compensation, how the company distributes profits and the “double-dipping” of a member who is also an employee or executive of the company. In other cases, these disputes are based upon deception, fraud, theft or misappropriation of company monies. If you are concerned about fraud or the misappropriation of funds by a fellow member or any other LLC distribution issue you will need the advice and representation of our experienced business attorneys. The burden of proof in these cases is quite high and often requires skilled investigation as well as forensic accounting.
Proven Business Attorneys for San Diego Small and Mid-Size Businesses
At the Watkins Firm, we have served members of LLCs and the San Diego business community for almost four decades. We have helped to resolve scores of contract disputes, and disputes between members in LLCs. We can help you. The behavior associated with inaccurate distributions, 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 review the strong recommendations of our clients and contact the Watkins Firm or call 858-535-1511 for a complimentary consultation today. 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.
