My investigation revealed that the initial LLC was never dissolved and that its membership was still the legal owners. The person that I signed and financed with assured that all past members had resigned. I brought them all together and the attorney of record said that they were still the rightful owners and that I could only hope for a cash settlement. He advised that I could list my funds as a loan or as an investor. Which is more advantageous, to list as a loan or as an investor or to take legal action against the person who mis represented the LLC's status?
Through my efforts the LLC had 2 successful quarters, well over 6 figures each and is currently in the post bid proceedings for a contract worth apporximately 6.25 million dollars. Now the original owners are atempting to minimize my contributions and want to offer a payback of invested monies only, if the contract is awarded.
What is my best course for handling this quagmire? Robert
2006-10-22 18:08:02 · 1 answers · asked by chatmann2 2 in Business & Finance ➔ Other - Business & Finance
Contact an attorney right away ..
2006-10-22 18:33:24 · answer #1 · answered by MeInUSA 5 · 0⤊ 0⤋