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Dissolving a Partnership — operating agreement for 50/50 partnership

Started by anon_homeowner_CA · Jul 19, 2024 · 1,780 views · 6 replies
For informational purposes only. This is not legal advice. Laws vary by jurisdiction. Consult a qualified attorney for advice specific to your situation.
AH
anon_homeowner_CA OP

Looking for advice on a legal issue. Here's what happened.

operating agreement for 50/50 partnership. I've been dealing with this for about 9 weeks now and the situation isn't improving.

I have already tried to resolve this directly but got conflicting advice.

What's the typical outcome in situations like this?

WB
worried_business_owner_legal

I had a similar issue and ended up consulting with an attorney. It was worth the $200-300 for the initial consultation just to understand my rights.

DN
DataPrivacy_Nerd

Not a lawyer, but I have direct experience with this.

In my case, it took about 3-6 months to resolve. The key was having everything documented.

TA
TenantRights_Advocate

I went through almost the exact same thing.

In my case, it took about 4-8 months to resolve. The key was filing with the appropriate government agency.

TL
Mod_TermsLaw Moderator

I practice in this area. Here's my take on the legal issues.

There are several legal theories that could apply here. The strongest is probably the relevant statute, which requires showing actionable.

I'd recommend documenting everything in writing from this point forward. Keep copies of all communications.

CA
ConsumerAdvocate

I went through almost the exact same thing.

The biggest mistake people make in this situation is filing with the appropriate government agency. I'd recommend gathering evidence first instead.

CD
confused_dev_NY

NAL, but from what I've read, you should check your state's specific laws. That said, definitely get a lawyer to look at the specifics.

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