If I signed a contract with someone to have a partnership with a LLC but only their name is on it, what can I do?
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If I signed a contract with someone to have a partnership with a LLC but only their name is on it, what can I do?
However the LLC never had my name on it even thought the contract we signed together said that it did. The LLC only has my partner’s name on it. He did not let me know this the 8 months that we were doing business together.
Asked on September 25, 2012 under Business Law, Pennsylvania
Answers:
SJZ, Member, New York Bar / FreeAdvice Contributing Attorney
Answered 11 years ago | Contributor
You can enforce whatever rights the contract you signed gives you--so the key issue is what rights to you have? For example, if the contract stated that you would both own the LLC but he set it up without you and did not give you your proper share of it, that may be a violation of the contract and you could potentially terminate the contract, sue for compensation, and/or seek a court order requring that he give you the appropriate share of the LLC. You should review your contract with an attorney to see exactly what your rights are.
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