- Jurisdiction
- Nevada
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 and have not much revenue.
I am increasingly discontent with our relationship, due to his management style and poor communication with me. I am concerned about his management style because he is not aggressive with marketing as much as I think he should be, he misses important payments such as the Visa bill and filing states sales tax returns on time, so we have been assessed penalties and late fees. It drives me bonkers. He does not return most my calls/texts/emails requesting we sit down and chat to discuss his practices and our vision. I don't care about the money I invested, I just want to get this business off my plate and never worry about the franchise. Do we need a separation agreement if I am not asking for assets, money, or future income?
Our operating agreement states "A Member may not withdraw, retire, or resign as a Member unless, after receiving written notice requesting same, the Members shall have unanimously consented thereto in writing, which consent may be granted or denied in the Members' sole and absolute discretion." Can my partner prevent me from leaving the LLC if for some strange reason he does not want me to leave?
Thanks ahead of time, look forward to comments.
I am increasingly discontent with our relationship, due to his management style and poor communication with me. I am concerned about his management style because he is not aggressive with marketing as much as I think he should be, he misses important payments such as the Visa bill and filing states sales tax returns on time, so we have been assessed penalties and late fees. It drives me bonkers. He does not return most my calls/texts/emails requesting we sit down and chat to discuss his practices and our vision. I don't care about the money I invested, I just want to get this business off my plate and never worry about the franchise. Do we need a separation agreement if I am not asking for assets, money, or future income?
Our operating agreement states "A Member may not withdraw, retire, or resign as a Member unless, after receiving written notice requesting same, the Members shall have unanimously consented thereto in writing, which consent may be granted or denied in the Members' sole and absolute discretion." Can my partner prevent me from leaving the LLC if for some strange reason he does not want me to leave?
Thanks ahead of time, look forward to comments.