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LLC Operating Agreement Amendment Disputes in New York: When Your Managing Member Rewrites the Rules
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

Reza Yassi
5 days ago


Direct vs. Derivative Claims in New York LLC Disputes: How NYC Business Owners Choose the Right Weapon
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

Reza Yassi
Jul 28


How to Remove a Managing Member of a New York LLC When They're Hurting the Business
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 him out. The question i

Reza Yassi
Jun 30

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