Knowledge library
Shareholder, Partnership & LLC Disputes
Partners who stop sharing money or information, deadlocks, buyouts, exits and fiduciary duties inside a Texas LLC, partnership or closely held corporation.
26 guides on shareholder, partnership & llc disputes, page 2 of 3Showing 10 to 18
Shareholder, Partnership & LLC Disputes
How to Remove a Managing Member or Officer in Texas
A manager or officer can usually be removed by the vote the agreement sets; the default is a members' meeting called for that purpose. A member's ownership cannot be voted away.
Shareholder, Partnership & LLC Disputes
I Was Pushed Out of My Own Company. What Are My Rights?
Losing your job at the company is not losing your ownership. In Texas you keep your interest, distributions, records rights and claims unless an agreement says otherwise.
Shareholder, Partnership & LLC Disputes
My Partner Is Taking Money From the Company. What Can I Do?
Secure the evidence, demand the records in writing, then choose the claim: fiduciary breach, conversion, civil theft, fraud or an accounting. Courts can stop the bleeding fast.
Shareholder, Partnership & LLC Disputes
My Partner Started a Competing Business. Is That Legal?
A current general partner who competes breaches the duty of loyalty. For an LLC member the agreement decides. After departure only a non-compete or trade secret law applies.
Shareholder, Partnership & LLC Disputes
My Partner Will Not Share the Books. An LLC Member's Right to Records in Texas
A Texas LLC member can demand records in writing for a proper purpose, and the company must produce them. Refusal makes the company liable for your attorney's fees.
Shareholder, Partnership & LLC Disputes
Our 50/50 Partnership Is Deadlocked. How Do Texas Courts Resolve It?
Texas courts do not break ties; they end companies or supervise them. A deadlocked owner can seek judicial winding up or a receiver, and that threat usually produces a buyout.
Shareholder, Partnership & LLC Disputes
Our LLC Has No Operating Agreement. What Happens in a Dispute?
The Texas Business Organizations Code fills the gap with default rules on votes, profits, management, exits and records. They are often not what the members assumed.
Shareholder, Partnership & LLC Disputes
Remedies When a Partner Breaches the Partnership or Operating Agreement
An operating or partnership agreement is a contract Texas courts enforce: damages, specific performance of buy-sell terms, injunctions, an accounting and attorney's fees.
Shareholder, Partnership & LLC Disputes
Self-Dealing by a Partner or Manager: What Counts and What You Can Do
Self-dealing is a deal where the person deciding for the company also benefits personally. Texas protects it only if disclosed and approved by disinterested owners, or fair.