More details to this question:
I formed an LLP with a friend approx. 1 year ago. The business did not earn income until last month (approx $4,000). I am uncomfortable with the way my partner plans to run the business and wish to exit the LLP. With whom should I consult?
1 ANSWER
You should consult a business attorney. The answer to your question depends on the facts, including what agreements were entered into between you and your partner prior to the formation of the LLP and after. The short answer is that exiting the LLP can happen, the longer answer is that exiting may or may not be in your interest depending on other factors you may not have considered yet.
Answered on Nov 11th, 2019 at 5:49 AM