Updated October 28, 2026 You own 30% of a Long Island City tech consulting LLC. Three years in, you're burned out on the co-founder, the culture has soured, and you want out. You email your partner: "I'm resigning as a member. Please buy out my interest." Two weeks later a reply arrives from her lawyer: "You have no right to withdraw. Your interest stays where it is." Welcome to LLC member withdrawal in New York, a statutory trap most NYC business owners don't know exists unt

Updated October 25, 2026 You own 35% of a profitable Long Island City construction LLC. On a Thursday morning, you learn your managing member has quietly transferred $400,000 to a new bank account you can't access, signed a lease on a warehouse in his own name, and told two key foremen they'll be moving to a “new company” next month. By the time a normal lawsuit gets to trial, there won't be a business left to fight over. That's the exact situation preliminary injunctions in

Updated October 23, 2026 You own 30% of a Long Island City architecture LLC. The business has been profitable for six years and doesn't owe a dollar to any bank. Then on a Tuesday morning, you get an email from the managing member: the company "urgently needs" $600,000 in fresh capital by the end of the month, and your share of the call is $180,000. If you don't wire the money in fifteen days, your operating agreement says your membership interest gets "proportionally adjuste

You own 40% of a Bronx logistics LLC. Your managing member controls the checkbook, the QuickBooks login, and every vendor relationship. Last month you learned he wired $340,000 to a shell company owned by his brother-in-law and stopped answering your emails. Every day the money moves further from your reach. You don't have eighteen months to litigate — you need someone else running the company right now. That's when getting a temporary receiver for a New York LLC becomes the

You own 35% of a profitable Long Island City design-build LLC. On a Wednesday afternoon, your managing member emails a "restated and amended" operating agreement — 47 pages of new language — and gives you a week to sign. The new version quietly deletes your consent right on major decisions, adds a 10% "management fee" off the top of gross revenue, and slips in a mandatory buyout at book value if you ever "cease active participation." You never agreed to any of it. Welcome to

You own 30% of a Queens catering LLC with two partners. Over the past year, your managing member has quietly funneled the company's best corporate clients to a side business he owns alone. Profits have collapsed, distributions have stopped, and the company's reputation is bleeding. You want to sue — but before you file anything in Supreme Court, you have to answer one question that will decide who owns the case, who collects any money, and whether the judge tosses your compla

You just won a judicial dissolution order after eighteen months of fighting your managing member in Supreme Court, Queens County. The judge signed the decree. On paper, your Long Island City LLC is done. But your former partner still holds the QuickBooks logins, the landlord is calling about next month's rent, and there's a $600,000 receivable from a job that finished last week. Now what? Winding up a New York LLC is the phase almost no one plans for — and the phase where min

Updated October 22, 2026 You and two friends opened a Long Island City fitness studio in 2019. You put up 40% of the capital, your friends split the rest, and one of them (the managing member) runs the day-to-day. Three years later, the studio is profitable, but your managing member has hired his girlfriend at $150,000, signed a sublease with his cousin's company on terms no one would call arm's-length, and stopped returning your calls about quarterly distributions. You want

Updated October 25, 2026 You own 35% of a profitable Astoria restaurant group. For five years, distributions hit your account every quarter like clockwork. Then your managing member stopped distributing, but you notice he's driving a new Range Rover, paid off his Forest Hills mortgage, and bought a place in Montauk. When you ask for an explanation, he tells you the business needs to "retain earnings" while quietly paying himself a $400,000 "management fee" on top of his owner

Updated October 26, 2026 You and two friends opened a Hell's Kitchen restaurant group in 2019. You put in $300,000, signed the lease in your own name, and ran the front of house for three years. Last week your partners sent you a letter declaring that the operating agreement gives them the right to remove you "for cause" and that your buyout will be calculated at book value, which they've conveniently pegged at $42,000. You stop breathing for a minute. Can they actually do th

Updated October 25, 2026 You and your partner opened a Williamsburg cocktail bar in 2018 on a handshake and a boilerplate operating agreement. Six years and three locations later, you're barely speaking. Your partner has installed his girlfriend as "operations manager" at a $180,000 salary, locked you out of QuickBooks, and is telling staff you're "on the way out." You want out, but you don't yet know whether that means dissolving the company, forcing a court-ordered buyout,

Updated October 23, 2026 You and your 50/50 partner built a successful design-build firm out of a SoHo loft. For seven years you agreed on almost everything. Now you can't agree on whether to renew the lease, whether to hire a controller, or whether to take on a $4 million Tribeca project that would require personal guarantees. Every vote is 1-1. The bank account is full, but the business is frozen, and the longer it sits, the more clients drift away. This is LLC deadlock in

Updated October 21, 2026 You own 35% of a Long Island City warehousing LLC. Your managing member handles operations, signs the checks, and controls the books. Over the past year you've noticed three things: a new "consulting" entity owned by his brother is suddenly invoicing the company, his salary jumped 40% without a vote, and the most profitable client you brought in is now being serviced by a side company he formed in Delaware. When you ask questions, you get silence. Thi

Updated October 22, 2026 You own 25% of a Bronx contracting LLC with two college friends. Over the past year, your managing member has been quietly routing profitable jobs to a side company he owns alone. That work should have hit your LLC's books and your distribution check. When you confronted him, he shrugged and said you're a minority member with no real power. He's wrong. An LLC derivative action in New York is the tool the law gives you to sue on behalf of the company i

Updated October 22, 2026 You're a 30% member of a Queens restaurant group. The managing member stopped sending you K-1s on time, started paying himself a "consulting fee" you never approved, and last month told you the business "had a rough quarter," even though you can see the dining room packed every Friday night. You want answers. In New York, you have a powerful tool that most minority members don't know how to use: a formal demand for LLC books and records in New York. D

You and your partner built a Long Island City logistics company from a rented warehouse and a single box truck. Eight years later, the business clears $6 million a year, and you can't stand to be in the same Zoom call. One of you wants out. The other wants control. Now the only question that matters is what your share is actually worth — and that's where most New York LLC buyout valuation disputes turn ugly fast. An LLC buyout valuation in New York is the process of pricing a

You co-founded a Brooklyn restaurant group with two friends in 2019. You put up the seed capital, signed the lease, and worked the line for the first eighteen months. Last quarter, your two partners voted themselves a "management fee," stopped sending you distributions, and changed the QuickBooks password. When you asked for a copy of the books, you got silence. That's a textbook minority LLC member freeze-out in New York — and you have more leverage than you think. At Yassi