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#1
12-03-2005, 10:27 PM
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Please Help
MY HUSBAND AND I OWN A RESTAURANT, WE MORTGAGED OUR HOUSE FOR IT AND MADE A PROFIT, IF SOLD OF 600K. I DON'T WANT TO SELL IT, WE MAKE A GREAT LIVING, HOWEVER HE HAS HIRED A BROKER TO SELL IT. DO I HAVE ANY RIGHTS AS AN LLC MEMBER OF 3%? HE OWNS 97%. CAN I ASSUME THAT I WILL GET A CHECK FOR 3% OF THE PURCHASE PRICE(900k)? PLEASE HELP. THANKS, LISA
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#2
12-04-2005, 04:07 AM
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Please don't type in all caps. It is considered shouting on the Internet and makes your post very hard to read.
This all depends on the agreement. I recommend you get the advice of an attorney who has read the agreement in its entirety. But, congratulations for making the restaurant a success. It's one of the hardest industries to do that in. Good luck.
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