RichinsCrew
New Member
- Jurisdiction
- Wyoming
Hello, first off, we do have an Attorney hired, but currently Mr. XXX JD is on a 20th anniversary cruise with his family (we probably can't contact him right now plus don't want to bother the family). We're compiling some paperwork and records for our Attorney for him to work on when he gets back. Below I'll explain our situation and maybe can get some guidance from you folks:
Location: Cheyenne, WY
Business Structure: Wyoming LLC
Question: unpaid debt (do we charge interest) from a deceased member of the LLC
Our LLC is an equal 3-way partnership with 3 members. The business is commercial real estate (which is rented out to a trucking firm). On April 2nd, 2018. We had a substantial parking lot paving job completed. The bill was $90,000. Each party was to pay their 3rd ($30,000). 1 partner himmed/hawed and gave excuses why he couldn't pay at the time (but would pay later), so the other 2 partners paid the entire bill ($45,000 a piece).
On October 18th, 2018, the 1 partner (who didn't pay) unexpectedly died. The LLC (the 2 surviving members) have filed a claim with his Estate to pay the $30,000. We've had nothing but backlash from the Estate and as of today (May 7th, 2019) have not received a dime.
Question is: Can we (the LLC surviving partners) tack on interest on this unpaid $30k debt? If so, how much interest can be charged and where back in time could a date be set to start accruing interest? Thank you
Location: Cheyenne, WY
Business Structure: Wyoming LLC
Question: unpaid debt (do we charge interest) from a deceased member of the LLC
Our LLC is an equal 3-way partnership with 3 members. The business is commercial real estate (which is rented out to a trucking firm). On April 2nd, 2018. We had a substantial parking lot paving job completed. The bill was $90,000. Each party was to pay their 3rd ($30,000). 1 partner himmed/hawed and gave excuses why he couldn't pay at the time (but would pay later), so the other 2 partners paid the entire bill ($45,000 a piece).
On October 18th, 2018, the 1 partner (who didn't pay) unexpectedly died. The LLC (the 2 surviving members) have filed a claim with his Estate to pay the $30,000. We've had nothing but backlash from the Estate and as of today (May 7th, 2019) have not received a dime.
Question is: Can we (the LLC surviving partners) tack on interest on this unpaid $30k debt? If so, how much interest can be charged and where back in time could a date be set to start accruing interest? Thank you