Corporate Law LLC partners dispute

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slamat

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im a 20% partner/shareholder in an LLC....im suspicious that my 2 partners are being innappropriate with the monies....i know i can request an accounting review, and probably find some innaccuracies, but i fear the nxt step of "binding arb" as stated in our op agrmnt...can the arbitrator declare a "buy-out" or "break-up" of the corp?? I'd only demand that the op agreement be followed..that alone would put more $$ in my pocket....I'd be the loser if the arb decided for "a dissolution of the corp" or a "forced buyout". thats what the other ptnrs would love to see. ...
 
The answer to your question is - it depends on the evidence that will be found during your discovery process. Since no one knows what you will find, one cannot advise you.
 
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