Recent content by stayj

If I signed a franchise agreement as a member of a LLC, am I obligated to the terms of that agreement after I leave the LLC?

I am 75% owner of a 2 Member LLC that owns and operates a service oriented franchise. My partner is managing member and operator, and we have been in operation approximately 1 year. I am primarily an investor, but I do look at the books. We have no loans or debt; however, we only break even...