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dealing with single-member LLC asset protection

Started by jenny_2024_10 · Oct 21, 2024 · 1,173 views · 5 replies
For informational purposes only. This is not legal advice. Laws vary by jurisdiction. Consult a qualified attorney for advice specific to your situation.
JE
jenny_2024_10 OP

Has anyone dealt with something like this in California? I'm not sure what my options are.

single-member LLC asset protection. I've been dealing with this for about 6 weeks now and the situation isn't improving.

I have already consulted briefly with a lawyer but the other party is not cooperating.

Has anyone been through something similar? What worked for you?

NH
new_here_be_gentle_27

This happened to me too. Have you tried filing a complaint with the relevant agency? In my case they investigated and it got resolved without needing a lawyer.

VK
vanessa_k_34

Just want to point out — the statute of limitations might be a factor here. In some states it's as short as 1-2 years. Don't sit on this too long.

JO
jurys_out_21

Have you tried reaching out to your state's attorney general? They sometimes have free resources or mediation services.

KI
Kim_87_17

This happened to me too. Have you tried filing a complaint with the relevant agency? In my case they investigated and it got resolved without needing a lawyer.

AT
alex_trader_15

I learned the hard way: if you have a 50/50 partnership, you MUST have a deadlock resolution mechanism in your operating agreement. Mediation, buyout provisions, something. Otherwise you'll be in court.