What is a partner buyout in Connecticut?
My partner left and took our clients with him from our Atlanta business. Do I have a fiduciary duty claim under Connecticut partnership law?
Attorney Answer
1
Atty. ·
Partners and LLC members owe each other fiduciary duties of loyalty and care under Connecticut law — self-dealing, usurping opportunities, and misappropriating funds are all actionable. Dissolution can be judicial (forced) or negotiated; either way, get a forensic accountant on the books before the conversation starts.
0 upvotes
People Also Asked
Texas SB 140 / Bus. & Com. Code Ch. 302 — does "telephone solicitation" cover buyer-side t…
0 answers
Should I form an LLC or a corporation in Maine?…
0 answers
Can I form an LLC in another state if I live in Arizona?…
0 answers
What is a UCC lien on my business in New Mexico?…
0 answers
What is the difference between an S-corp and a C-corp in Rhode Island?…
0 answers
Should I form an LLC or a corporation in Texas?…
0 answers
Browse by Practice Area
Litigation
203,510 attorneys
Real Estate
156,159 attorneys
Personal Injury
149,024 attorneys
Criminal Defense
99,634 attorneys
Family Law
95,894 attorneys
General Practice
90,854 attorneys
Business Law
84,818 attorneys
Business
82,448 attorneys
Criminal Law
72,552 attorneys
Intellectual Property
61,381 attorneys