{"id":231,"date":"2026-10-16T17:27:00","date_gmt":"2026-10-16T17:27:00","guid":{"rendered":"https:\/\/34-24-254-23.nip.io\/?page_id=231"},"modified":"2026-10-27T14:53:21","modified_gmt":"2026-10-27T14:53:21","slug":"what-to-do-when-your-partner-steals-from-you","status":"publish","type":"page","link":"https:\/\/kewlegal.com\/resources\/outside-general-counsel-for-businesses\/what-to-do-when-your-partner-steals-from-you\/","title":{"rendered":"What to Do When Your Partner Steals From You in Florida"},"content":{"rendered":"\n<div class=\"wp-block-cover alignfull is-dark\" style=\"min-height:460px;aspect-ratio:unset;\"><span aria-hidden=\"true\" class=\"wp-block-cover__background has-secondary-background-color has-background-dim-60 has-background-dim\"><\/span><img class=\"wp-block-cover__image-background wp-image-228\" alt=\"A person sits alone at a kitchen table in a Florida home, reviewing bills and a bank statement beside a laptop.\" src=\"https:\/\/kewlegal.com\/resources\/wp-content\/uploads\/2026\/10\/a-person-sits-alone-at-a-kitchen-table-in-a-florida-home-rev-photo.jpg\" width=\"1408\" height=\"768\" srcset=\"https:\/\/kewlegal.com\/resources\/wp-content\/uploads\/2026\/10\/a-person-sits-alone-at-a-kitchen-table-in-a-florida-home-rev-photo-150x150.jpg 150w, https:\/\/kewlegal.com\/resources\/wp-content\/uploads\/2026\/10\/a-person-sits-alone-at-a-kitchen-table-in-a-florida-home-rev-photo-300x164.jpg 300w, https:\/\/kewlegal.com\/resources\/wp-content\/uploads\/2026\/10\/a-person-sits-alone-at-a-kitchen-table-in-a-florida-home-rev-photo-768x419.jpg 768w, https:\/\/kewlegal.com\/resources\/wp-content\/uploads\/2026\/10\/a-person-sits-alone-at-a-kitchen-table-in-a-florida-home-rev-photo-1024x559.jpg 1024w, https:\/\/kewlegal.com\/resources\/wp-content\/uploads\/2026\/10\/a-person-sits-alone-at-a-kitchen-table-in-a-florida-home-rev-photo.jpg 1408w\" sizes=\"(max-width: 844px) 844px, 100vw\" fetchpriority=\"high\" decoding=\"async\"\/><div class=\"wp-block-cover__inner-container has-global-padding is-layout-constrained wp-block-cover-is-layout-constrained\">\n<p class=\"chg-eyebrow has-base-color has-text-color wp-block-paragraph\">Partnership Disputes | Coral Gables &amp; Sunny Isles Beach<\/p><h1 class=\"wp-block-heading has-base-color has-text-color\">Your Partner Took Money From the Business. What Do You Do Next?<\/h1><p class=\"has-base-color has-text-color wp-block-paragraph\" style=\"font-size:clamp(0.875rem, 0.875rem + ((1vw - 0.2rem) * 0.625), 1.25rem);\">KEW Legal focuses on business law for owners and investors in Miami-Dade and Broward. Learn the first steps to protect your company, your records, and your position.<\/p><div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\"><div class=\"wp-block-button chg-cta chg-cta-call\"><a class=\"wp-block-button__link wp-element-button\" href=\"tel:+13059902300\">Schedule a Consultation<\/a><\/div><div class=\"wp-block-button chg-cta chg-cta-form\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/kewlegal.com\/contact-us\/\">Schedule a Consultation<\/a><\/div><\/div>\n<\/div><\/div>\n\n\n<p class=\"wp-block-paragraph\" style=\"font-size:0.85rem;color:#6b7280;margin-bottom:1.5rem\">By Kristina E. Wilson \u00b7 Published October 11, 2026<\/p>\n\n<article lang=\"en\">\n\n<p>If you&#8217;re asking what to do when your partner steals from you in a business, start with three steps. Collect the records, read your signed agreement, and hold off on confronting your partner until you know the facts. Florida law gives LLC members and partners rights to company information, and the right path depends on your documents and the type of claim. This is general information for co-owners and investors in Miami-Dade, Broward, and nearby areas, not advice on your specific case.<\/p>\n<h2>What Counts as a Business Partner Stealing From the Company<\/h2>\n<p>Business partner theft means company money or property moves to a partner without a valid business reason. Common examples include:<\/p>\n<ul>\n<li>Transfers from company accounts to a partner&#8217;s personal account<\/li>\n<li>Company revenue sent to another business the partner owns<\/li>\n<li>Personal expenses, such as travel or a car, paid by the company<\/li>\n<li>Fake or inflated vendor invoices that send money to the partner<\/li>\n<li>Side payments the other owners never approved<\/li>\n<\/ul>\n<p>Whether conduct counts depends on the partner&#8217;s role, the governing documents, and whether the other owners approved it. Under <a href=\"https:\/\/www.leg.state.fl.us\/statutes\/index.cfm?App_mode=Display_Statute&amp;URL=0600-0699\/0605\/Sections\/0605.04091.html\">Fla. Stat. \u00a7 605.04091<\/a>, each member of a member-managed LLC owes duties of loyalty and care. The duty of loyalty requires a member to account for any benefit from using company property. A general partner has a similar duty under <a href=\"https:\/\/www.leg.state.fl.us\/statutes\/index.cfm?App_mode=Display_Statute&amp;URL=0600-0699\/0620\/Sections\/0620.8404.html\">Fla. Stat. \u00a7 620.8404<\/a>.<\/p>\n<p>Not every fight is theft. A dispute over pricing, hiring, or strategy is a business disagreement. Under \u00a7 605.04091, a member doesn&#8217;t violate a duty solely because the conduct also helps that member. Keep these two situations separate when you describe the facts.<\/p>\n\n<figure class=\"wp-block-image size-large has-custom-border\"><img decoding=\"async\" src=\"https:\/\/kewlegal.com\/resources\/wp-content\/uploads\/2026\/10\/alt-text-a-close-up-of-a-wooden-table-in-a-florida-home-with-photo.jpg\" alt=\"Alt text: A close-up of a wooden table in a Florida home with a open bank statement, a pen, a calculator, and a set of house keys beside a coffee mug.\n\nWait, I should fix two things: &quot;a open&quot; should be &quot;an open,&quot; and the sentence runs long. Here is the corrected version:\n\nA close-up of a wooden kitchen table in a Florida home holding an open b\" style=\"border-radius:8px;width:100%;aspect-ratio:16\/9;object-fit:cover\"\/><\/figure>\n\n<div class=\"cta-dose-mid wp-block-group has-contrast-color has-surface-background-color has-text-color has-background has-global-padding is-layout-constrained wp-container-core-group-is-layout-32197852 wp-block-group-is-layout-constrained\" style=\"background-color:var(--wp--preset--color--surface,#f2f3f5);color:var(--wp--preset--color--contrast,#22252b);border-radius:8px;padding-top:1.5rem;padding-bottom:1.5rem;padding-left:1.5rem;padding-right:1.5rem;border-left:6px solid var(--wp--preset--color--cta,currentColor);box-shadow:0 2px 10px rgba(0,0,0,0.18)\">\n<p class=\"wp-block-paragraph\">If you&#x27;re still asking what to do when your partner steals from you, you don&#x27;t have to sort it out on your own. Talk it through with our team &#8212; the first consultation is free, confidential, and carries no obligation.<\/p><div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\"><div class=\"wp-block-button chg-cta-call\"><a class=\"wp-block-button__link wp-element-button\" href=\"tel:+13059902300\">Get a free consultation<\/a><\/div><div class=\"wp-block-button chg-cta-form\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/kewlegal.com\/contact-us\/\">Get a free consultation<\/a><\/div><\/div>\n<\/div>\n<h2>Preserve Evidence Before You Confront Anyone<\/h2>\n<p>Preserve the company&#8217;s records before you raise the issue with your partner. Records turn a suspicion into something you can prove. Start by collecting:<\/p>\n<ul>\n<li>Bank and credit card statements for the company<\/li>\n<li>The general ledger and accounting software logs, including who made changes<\/li>\n<li>Payroll and vendor files<\/li>\n<li>Emails and texts about payments<\/li>\n<li>Contracts behind any invoices in question<\/li>\n<\/ul>\n<p>Many LLC owners find it useful to know where the company keeps its operating agreement and financial records, and how a member can ask to see them. That gives you a starting point.<\/p>\n<p>Then build a factual timeline. For each payment, note the date, amount, account, payee, and who approved it. Keep the notes factual, not emotional.<\/p>\n<p>Two common mistakes make these cases harder. Confronting the partner first gives them time to move or delete records. Angry texts also become written statements you may later have to explain. Keep accusations out of writing until the facts are clear.<\/p>\n<p>Avoid self-help steps too. Changing locks, moving company money, or cutting off a partner&#8217;s access without legal review can create liability of your own.<\/p>\n<h2>Review Your Operating Agreement or Partnership Agreement<\/h2>\n<p>Your signed agreement often sets your options, so read it before you assume the default rules apply. Find the governing document, usually an LLC operating agreement or a general partnership agreement. Then check it for:<\/p>\n<ul>\n<li>Dispute resolution clauses, including mediation or arbitration<\/li>\n<li>Buy-sell terms that set a price or process for a partner&#8217;s exit<\/li>\n<li>Removal or expulsion procedures<\/li>\n<li>Indemnification terms that say who pays legal costs<\/li>\n<li>Notice requirements for demands<\/li>\n<\/ul>\n<p>Under <a href=\"https:\/\/www.leg.state.fl.us\/statutes\/index.cfm?App_mode=Display_Statute&amp;URL=0600-0699\/0605\/Sections\/0605.0105.html\">\u00a7 605.0105<\/a>, the operating agreement governs relations among members and between members and the LLC. Where it&#8217;s silent, the statute fills the gap. An operating agreement also cannot relieve a person of liability for bad faith, willful or intentional misconduct, or a knowing violation of law.<\/p>\n<p>Confirm you have the current version, including any amendments. An old copy may not reflect the deal that applies today.<\/p>\n<h2>Your Right to Inspect Company Records in Florida<\/h2>\n<p>Florida gives LLC members and partners a right to company information, and a written request creates a dated record of what you asked for. For LLCs, <a href=\"https:\/\/www.leg.state.fl.us\/statutes\/index.cfm?App_mode=Display_Statute&amp;URL=0600-0699\/0605\/Sections\/0605.0410.html\">\u00a7 605.0410<\/a> requires the company to share material information without a demand, unless it shows you already know it.<\/p>\n<p>After your written demand, the company has 10 days to send you a record of what it will provide, when and where, and its reasons if it declines. The company may set reasonable limits on how you use the information. If challenged, it must prove those limits are reasonable.<\/p>\n<p>If the company refuses inspection, <a href=\"https:\/\/www.leg.state.fl.us\/statutes\/index.cfm?App_mode=Display_Statute&amp;URL=0600-0699\/0605\/Sections\/0605.0411.html\">\u00a7 605.0411<\/a> lets the circuit court in the county of the principal office order inspection and copying. The court must also order the company to pay the member&#8217;s reasonable attorney fees, unless the company refused in good faith on a reasonable basis to doubt your right.<\/p>\n<p>Partnerships work differently. Under <a href=\"https:\/\/www.leg.state.fl.us\/statutes\/index.cfm?App_mode=Display_Statute&amp;URL=0600-0699\/0620\/Sections\/0620.8403.html\">\u00a7 620.8403<\/a>, a partnership must give partners and their attorneys access to its books during ordinary business hours. It may charge a reasonable fee for copies. Florida&#8217;s partnership law sits in <a href=\"https:\/\/www.flsenate.gov\/Laws\/Statutes\/2023\/Chapter620\">Chapter 620<\/a>.<\/p>\n<p>Put your request in writing. Name the records, the time period, and the rights behind the request. Keep a copy and proof of delivery. Confirm the current statute text and your agreement, since your agreement may add to or limit these rights.<\/p>\n\n<div class=\"cta-dose-mid wp-block-group has-contrast-color has-surface-background-color has-text-color has-background has-global-padding is-layout-constrained wp-container-core-group-is-layout-32197852 wp-block-group-is-layout-constrained\" style=\"background-color:var(--wp--preset--color--surface,#f2f3f5);color:var(--wp--preset--color--contrast,#22252b);border-radius:8px;padding-top:1.5rem;padding-bottom:1.5rem;padding-left:1.5rem;padding-right:1.5rem;border-left:6px solid var(--wp--preset--color--cta,currentColor);box-shadow:0 2px 10px rgba(0,0,0,0.18)\">\n<h3 class=\"wp-block-heading has-contrast-color has-text-color\">Not sure what your next step is?<\/h3><p class=\"wp-block-paragraph\">Talk it through with our team &#8212; the first consultation is free, confidential, and carries no obligation.<\/p><div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\"><div class=\"wp-block-button chg-cta-call\"><a class=\"wp-block-button__link wp-element-button\" href=\"tel:+13059902300\">Get a free consultation<\/a><\/div><div class=\"wp-block-button chg-cta-form\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/kewlegal.com\/contact-us\/\">Get a free consultation<\/a><\/div><\/div>\n<\/div>\n<h2>Options for Addressing the Theft: Demand, Repayment, Removal, or Litigation<\/h2>\n<p>The main paths are a written demand, a negotiated repayment, a buyout or removal under your agreements, or a lawsuit. Each carries its own cost, timing, and risk.<\/p>\n<p>Many owners start informally. A written demand lists the amounts, the records, and a response date. Any repayment should be a signed written agreement with clear payment terms.<\/p>\n<p>For partnerships, <a href=\"https:\/\/www.leg.state.fl.us\/statutes\/index.cfm?App_mode=Display_Statute&amp;URL=0600-0699\/0620\/Sections\/0620.8701.html\">\u00a7 620.8701<\/a> covers a partner who leaves without ending the business. The partnership must buy that interest at a statutory price. If no agreement is reached within 120 days after a written demand for payment, the partnership pays its estimated price. Amounts the partner owes the partnership are offset against that price.<\/p>\n<p>Lawsuits take different forms. Under <a href=\"https:\/\/www.leg.state.fl.us\/statutes\/index.cfm?App_mode=Display_Statute&amp;URL=0600-0699\/0605\/Sections\/0605.0801.html\">\u00a7 605.0801<\/a>, a member may sue another member, a manager, or the company directly. The member must plead and prove either an injury not solely suffered by the company, or an injury from breach of a separate duty owed to the member. Under <a href=\"https:\/\/www.leg.state.fl.us\/statutes\/index.cfm?App_mode=Display_Statute&amp;URL=0600-0699\/0605\/Sections\/0605.0802.html\">\u00a7 605.0802<\/a>, a member suing for the company must first demand action. The company then has a reasonable time, not to exceed 90 days, unless demand would be futile.<\/p>\n<p>A court or arbitrator may consider claims such as breach of fiduciary duty, conversion, or an accounting. Which ones fit depends on your facts. No one can promise how any path will turn out.<\/p>\n<h2>Deadlines and Why Waiting Can Hurt Your Position<\/h2>\n<p>Florida sets time limits for lawsuits, and the limit depends on the type of claim. Don&#8217;t assume you have unlimited time. <a href=\"https:\/\/www.leg.state.fl.us\/statutes\/index.cfm?App_mode=Display_Statute&amp;URL=0000-0099\/0095\/Sections\/0095.11.html\">\u00a7 95.11<\/a> sorts lawsuits into categories with different limits. One category covers actions on a contract founded on a written instrument. Match your claim to the right category before you count any days.<\/p>\n<p>Delay can also cost you. Under \u00a7 95.11, laches bars a claim not brought within the time the law allows for the same subject matter. That applies even when the other side didn&#8217;t know you would sue.<\/p>\n<p>Some events pause the clock, a process called tolling. Under <a href=\"https:\/\/www.leg.state.fl.us\/statutes\/index.cfm?App_mode=Display_Statute&amp;URL=0000-0099\/0095\/Sections\/0095.051.html\">\u00a7 95.051<\/a>, the time limit is tolled while an arbitration on the same dispute is pending. A disability or other reason does not toll the time limit, except the events that section lists.<\/p>\n<p>This page gives no single universal deadline. Confirm the deadline for your facts as soon as you can, since waiting can narrow your options.<\/p>\n\n<figure class=\"wp-block-image size-large has-custom-border\"><img decoding=\"async\" src=\"https:\/\/kewlegal.com\/resources\/wp-content\/uploads\/2026\/10\/alt-text-should-describe-a-realistic-scene-a-wide-view-of-a-photo.jpg\" alt=\"Alt text should describe a realistic scene: a wide view of a Florida home interior with a desk, papers, and a laptop, no people. Something like:\n\n&quot;Wide view of a tidy Florida home office with a laptop, bank statements, and a coffee mug on a wooden desk by a window.\" style=\"border-radius:8px;width:100%;aspect-ratio:16\/9;object-fit:cover\"\/><\/figure>\n<h2>Bringing in Outside Counsel: Next Steps for Your Situation<\/h2>\n<p>Before you speak with counsel, organize your governing documents, your dated timeline, the amounts involved, and the business&#8217;s current status. Some owners need help with one focused dispute. Others need ongoing governance support, such as reviewing agreements and handling employee or vendor issues. Those are different kinds of work.<\/p>\n<p>KEW Legal is a Florida business law firm with offices in Coral Gables and Sunny Isles Beach. It acts as outside general counsel for business owners and investors across Miami-Dade and South Florida, including partnership disputes.<\/p>\n<h3>Quick answers<\/h3>\n<p><strong>What to do when your partner steals from you first?<\/strong> Preserve the company&#8217;s records and read your signed agreement before you confront your partner.<\/p>\n<p><strong>Can I see my LLC&#8217;s books?<\/strong> Florida LLC members have information rights, and the company must respond in writing to a demand within 10 days. The exact limits depend on the statute and your agreement.<\/p>\n<p><strong>How long do I have to sue?<\/strong> It depends on the type of claim, and laches and tolling can affect timing.<\/p>\n<p>If you&#8217;re still asking what to do when your partner steals from you, you don&#8217;t have to sort it out on your own. If the transfers or invoices have you worried, call 305-990-2300 or <a href=\"https:\/\/kewlegal.com\/contact-us\/\">send us a message<\/a> to talk through your facts.<\/p>\n\n<\/article>\n<footer class=\"disclaimer\"><em>The engagement of a lawyer is an important decision that should not be based solely upon advertisements. The information on this website is general information about KEW Legal and the services we offer; it does not constitute legal advice and is intended for informational purposes only. Accessing this website or contacting our firm does not establish an attorney-client relationship.<\/em><\/footer>\n\n\n<div class=\"wp-block-group has-contrast-color has-surface-background-color has-text-color has-background has-global-padding is-layout-constrained wp-container-core-group-is-layout-32197852 wp-block-group-is-layout-constrained\" style=\"background-color:var(--wp--preset--color--surface,#f2f3f5);color:var(--wp--preset--color--contrast,#22252b);border-radius:8px;padding-top:1.5rem;padding-bottom:1.5rem;padding-left:1.5rem;padding-right:1.5rem;border-left:6px solid var(--wp--preset--color--cta,currentColor);box-shadow:0 2px 10px rgba(0,0,0,0.18)\">\n<h3 class=\"wp-block-heading has-contrast-color has-text-color\">Before you confront your partner<\/h3><p class=\"wp-block-paragraph\">Do not move money, change bank signatories, or alter company records until you have reviewed your signed agreement and the facts. A rushed reaction can complicate the dispute.<\/p><div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\"><div class=\"wp-block-button chg-cta-call\"><a class=\"wp-block-button__link wp-element-button\" href=\"tel:+13059902300\">Call 305-990-2300<\/a><\/div><div class=\"wp-block-button chg-cta-form\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/kewlegal.com\/contact-us\/\">Call 305-990-2300<\/a><\/div><\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-group alignfull has-surface-background-color has-background has-global-padding is-layout-constrained wp-container-core-group-is-layout-583d630a wp-block-group-is-layout-constrained\" style=\"padding-top:3rem;padding-bottom:3rem;padding-left:1.5rem;padding-right:1.5rem\">\n<h2 class=\"wp-block-heading has-text-align-center\">Four steps to take now<\/h2>\n<div class=\"wp-block-columns alignwide is-layout-flex wp-container-core-columns-is-layout-f56f613f wp-block-columns-is-layout-flex\"><div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\"><div class=\"wp-block-group has-base-background-color has-background is-layout-flow wp-block-group-is-layout-flow\" style=\"border-radius:8px;box-shadow:0 4px 14px rgba(0,0,0,0.08);padding-top:1.5rem;padding-bottom:1.5rem;padding-left:1.5rem;padding-right:1.5rem\"><h3 class=\"wp-block-heading\">Collect the records<\/h3><p class=\"wp-block-paragraph\">Gather bank statements, ledgers, invoices, tax filings, and any messages that show how money moved through the company.<\/p><\/div><\/div><div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\"><div class=\"wp-block-group has-base-background-color has-background is-layout-flow wp-block-group-is-layout-flow\" style=\"border-radius:8px;box-shadow:0 4px 14px rgba(0,0,0,0.08);padding-top:1.5rem;padding-bottom:1.5rem;padding-left:1.5rem;padding-right:1.5rem\"><h3 class=\"wp-block-heading\">Read your operating agreement<\/h3><p class=\"wp-block-paragraph\">Your LLC operating agreement or partnership agreement sets out information rights, decision-making, and dispute procedures that shape your options.<\/p><\/div><\/div><div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\"><div class=\"wp-block-group has-base-background-color has-background is-layout-flow wp-block-group-is-layout-flow\" style=\"border-radius:8px;box-shadow:0 4px 14px rgba(0,0,0,0.08);padding-top:1.5rem;padding-bottom:1.5rem;padding-left:1.5rem;padding-right:1.5rem\"><h3 class=\"wp-block-heading\">Pause before you confront<\/h3><p class=\"wp-block-paragraph\">Hold off on accusations until you understand what happened. Written statements can be used later, so plan the conversation with counsel.<\/p><\/div><\/div><div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\"><div class=\"wp-block-group has-base-background-color has-background is-layout-flow wp-block-group-is-layout-flow\" style=\"border-radius:8px;box-shadow:0 4px 14px rgba(0,0,0,0.08);padding-top:1.5rem;padding-bottom:1.5rem;padding-left:1.5rem;padding-right:1.5rem\"><h3 class=\"wp-block-heading\">Get advice on your documents<\/h3><p class=\"wp-block-paragraph\">A business attorney can review the records and agreements together and explain the paths that may fit your situation.<\/p><\/div><\/div><\/div>\n\n<\/div>\n\n\n\n<div class=\"wp-block-group alignwide has-global-padding is-layout-constrained wp-container-core-group-is-layout-583d630a wp-block-group-is-layout-constrained\" style=\"padding-top:3rem;padding-bottom:3rem;padding-left:1.5rem;padding-right:1.5rem\">\n\n<div class=\"cta-dose-mid wp-block-group has-contrast-color has-surface-background-color has-text-color has-background has-global-padding is-layout-constrained wp-container-core-group-is-layout-32197852 wp-block-group-is-layout-constrained\" style=\"background-color:var(--wp--preset--color--surface,#f2f3f5);color:var(--wp--preset--color--contrast,#22252b);border-radius:8px;padding-top:1.5rem;padding-bottom:1.5rem;padding-left:1.5rem;padding-right:1.5rem;border-left:6px solid var(--wp--preset--color--cta,currentColor);box-shadow:0 2px 10px rgba(0,0,0,0.18)\">\n<h3 class=\"wp-block-heading has-contrast-color has-text-color\">Have questions about what happened?<\/h3><p class=\"wp-block-paragraph\">Ask our team directly. The first conversation is free, confidential, and there is no obligation to continue.<\/p><div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\"><div class=\"wp-block-button chg-cta-call\"><a class=\"wp-block-button__link wp-element-button\" href=\"tel:+13059902300\">Talk to our team<\/a><\/div><div class=\"wp-block-button chg-cta-form\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/kewlegal.com\/contact-us\/\">Talk to our team<\/a><\/div><\/div>\n<\/div>\n<h2 class=\"wp-block-heading has-text-align-center\">How KEW Legal approaches partnership disputes<\/h2>\n<div class=\"wp-block-columns alignwide is-layout-flex wp-container-core-columns-is-layout-f56f613f wp-block-columns-is-layout-flex\"><div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\"><p class=\"wp-block-paragraph\"><span class=\"chg-icon chg-icon--document\"><\/span><\/p><h3 class=\"wp-block-heading\">Document-first review<\/h3><p class=\"wp-block-paragraph\">We start with your entity documents, financial records, and communications so the analysis rests on the facts.<\/p><\/div><div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\"><p class=\"wp-block-paragraph\"><span class=\"chg-icon chg-icon--shield\"><\/span><\/p><h3 class=\"wp-block-heading\">Protecting the business<\/h3><p class=\"wp-block-paragraph\">Our focus is on safeguarding company assets, accounts, and operations while the dispute is evaluated.<\/p><\/div><div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\"><p class=\"wp-block-paragraph\"><span class=\"chg-icon chg-icon--users\"><\/span><\/p><h3 class=\"wp-block-heading\">Outside general counsel<\/h3><p class=\"wp-block-paragraph\">For business owners who need ongoing legal support, we provide outside general counsel on contracts, employment, leases, and governance.<\/p><\/div><div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\"><p class=\"wp-block-paragraph\"><span class=\"chg-icon chg-icon--location\"><\/span><\/p><h3 class=\"wp-block-heading\">Local business focus<\/h3><p class=\"wp-block-paragraph\">KEW Legal has offices in Coral Gables and Sunny Isles Beach and serves owners and investors across Miami-Dade and Broward County.<\/p><\/div><\/div>\n\n<\/div>\n\n\n\n<div class=\"wp-block-group alignfull has-base-color has-primary-background-color has-text-color has-background has-global-padding is-layout-constrained wp-container-core-group-is-layout-4d466591 wp-block-group-is-layout-constrained\" style=\"background-color:var(--wp--preset--color--primary,#20242e);color:var(--wp--preset--color--base,#ffffff);padding-top:3rem;padding-bottom:3rem;padding-left:1.5rem;padding-right:1.5rem\">\n<h2 class=\"wp-block-heading has-text-align-center has-base-color has-text-color\">Talk with a business attorney about your partner dispute<\/h2>\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-0aa01211 wp-block-buttons-is-layout-flex\"><div class=\"wp-block-button chg-cta chg-cta-call\"><a class=\"wp-block-button__link wp-element-button\" href=\"tel:+13059902300\">Schedule a Consultation or Call 305-990-2300<\/a><\/div><div class=\"wp-block-button chg-cta chg-cta-form\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/kewlegal.com\/contact-us\/\">Schedule a Consultation or Call 305-990-2300<\/a><\/div><\/div>\n<\/div>\n\n<h2 class=\"wp-block-heading\">Related practice areas<\/h2><ul class=\"wp-block-list\"><li>Outside General Counsel For Businesses<\/li><\/ul>\n<!-- chg:section-siblings -->\n<nav aria-label=\"More in this section\">\n<h2>More in this section<\/h2>\n<ul><li><a href=\"\/resources\/outside-general-counsel-for-businesses\/breach-of-fiduciary-duty-llc-manager-florida-attorney\/\">Breach of Fiduciary Duty by an LLC Manager in Florida | KEW Legal<\/a><\/li><li><a href=\"\/resources\/outside-general-counsel-for-businesses\/business-dispute-attorney-broward-county\/\">Business Dispute Attorney in Broward County for Owners and Investors<\/a><\/li><li><a href=\"\/resources\/outside-general-counsel-for-businesses\/business-partner-stealing-clients\/\">Business Partner Stealing Clients<\/a><\/li><li><a href=\"\/resources\/outside-general-counsel-for-businesses\/business-partner-stole-my-business\/\">Business Partner Stole My Business<\/a><\/li><li><a href=\"\/resources\/outside-general-counsel-for-businesses\/buy-sell-agreement-dispute-attorney-florida\/\">Buy-Sell Agreement Dispute Attorney Florida<\/a><\/li><\/ul>\n<\/nav>\n<!-- \/chg:section-siblings -->","protected":false},"excerpt":{"rendered":"<p>Think your business partner is taking company money? Learn which records to gather, which agreement terms to check, and which deadlines to confirm.<\/p>\n","protected":false},"author":2,"featured_media":0,"parent":14,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"chg_review":"{\"v\": 1, \"checked_at\": \"2026-10-11T02:34:41+00:00\", \"checked\": true, \"jurisdiction\": \"Florida\", \"claims\": [{\"url\": \"https:\/\/www.leg.state.fl.us\/statutes\/index.cfm?App_mode=Display_Statute&URL=0600-0699\/0605\/Sections\/0605.0410.html\", \"also\": [{\"url\": \"https:\/\/www.leg.state.fl.us\/statutes\/index.cfm?App_mode=Display_Statute&URL=0600-0699\/0620\/Sections\/0620.8403.html\", \"cite\": \"Fla. Stat. \u00a7 620.8403\", \"heading\": \"Partner\u2019s rights and duties with respect to information.\", \"support\": \"A partnership shall provide partners and their agents and attorneys access to the books and records of the partnership.\", \"law_text\": \"\u2026 (2) A partnership shall provide partners and their agents and attorneys access to the books and records of the partnership. The partnership shall provide former partners and their agents and attorneys access to books and records pertaining to the period during which they were partners. The right of access provides the opportunity to inspect and copy books and records during ordinary business hours. \u2026\"}], \"cite\": \"Fla. Stat. \u00a7 605.0410\", \"heading\": \"Records to be kept; rights of member, manager, and person dissociated to information.\", \"support\": \"Upon reasonable notice, a member may inspect and copy during regular business hours\", \"verdict\": \"supported\", \"law_text\": \"\u2026 (2) In a member-managed limited liability company, the following rules apply: (a) Upon reasonable notice, a member may inspect and copy during regular business hours, at a reasonable location specified by the company: 1. The records described in subsection (1); and 2. \u2026\", \"sentence\": \"Florida law gives LLC members and partners rights to company information, and the right path depends on your documents and the type of claim.\"}, {\"url\": \"https:\/\/www.leg.state.fl.us\/statutes\/index.cfm?App_mode=Display_Statute&URL=0600-0699\/0605\/Sections\/0605.04091.html\", \"cite\": \"Fla. Stat. \u00a7 605.04091\", \"heading\": \"Standards of conduct for members and managers.\", \"support\": \"Each manager of a manager-managed limited liability company and member of a member-managed limited liability company owes fiduciary duties of loyalty and care\", \"verdict\": \"supported\", \"law_text\": \"(1) Each manager of a manager-managed limited liability company and member of a member-managed limited liability company owes fiduciary duties of loyalty and care to the limited liability company and members of the limited liability company. (2) The duty of loyalty includes: (a) Accounting to the limited liability company and holding as trustee for it any property, profit, or benefit derived by the manager or member, as applicable: 1. \u2026\", \"sentence\": \"Under Fla. Stat. \u00a7 605.04091, each member of a member-managed LLC owes duties of loyalty and care.\"}, {\"url\": \"https:\/\/www.leg.state.fl.us\/statutes\/index.cfm?App_mode=Display_Statute&URL=0600-0699\/0605\/Sections\/0605.04091.html\", \"cite\": \"Fla. Stat. \u00a7 605.04091\", \"heading\": \"Standards of conduct for members and managers.\", \"support\": \"Accounting to the limited liability company and holding as trustee for it any property, profit, or benefit derived by the manager or member, as applicable\", \"verdict\": \"supported\", \"law_text\": \"\u2026 (2) The duty of loyalty includes: (a) Accounting to the limited liability company and holding as trustee for it any property, profit, or benefit derived by the manager or member, as applicable: 1. In the conduct or winding up of the company\u2019s activities and affairs; 2. From the use by the member or manager of the company\u2019s property; or 3. From the appropriation of a company opportunity; \u2026\", \"sentence\": \"The duty of loyalty requires a member to account for any benefit from using company property.\"}, {\"url\": \"https:\/\/www.leg.state.fl.us\/statutes\/index.cfm?App_mode=Display_Statute&URL=0600-0699\/0620\/Sections\/0620.8404.html\", \"cite\": \"Fla. Stat. \u00a7 620.8404\", \"heading\": \"General standards of partner\u2019s conduct.\", \"support\": \"To account to the partnership and hold as trustee for the partnership any property, profit, or benefit derived by the partner\", \"verdict\": \"supported\", \"law_text\": \"\u2026 (2) A partner\u2019s duty of loyalty to the partnership and the other partners is limited to the following: (a) To account to the partnership and hold as trustee for the partnership any property, profit, or benefit derived by the partner in the conduct and winding up of the partnership business or derived from a use by the partner of partnership property, including the appropriation of a partnership opportunity; \u2026\", \"sentence\": \"A general partner has a similar duty under Fla. Stat. \u00a7 620.8404.\"}, {\"url\": \"https:\/\/www.leg.state.fl.us\/statutes\/index.cfm?App_mode=Display_Statute&URL=0600-0699\/0605\/Sections\/0605.04091.html\", \"cite\": \"Fla. Stat. \u00a7 605.04091\", \"heading\": \"Standards of conduct for members and managers.\", \"support\": \"does not violate a duty or obligation under this chapter or under the operating agreement solely because the manager\u2019s or member\u2019s conduct furthers the manager\u2019s or member\u2019s own interest\", \"verdict\": \"supported\", \"law_text\": \"\u2026 (5) A manager of a manager-managed limited liability company or a member of a member-managed limited liability company does not violate a duty or obligation under this chapter or under the operating agreement solely because the manager\u2019s or member\u2019s conduct furthers the manager\u2019s or member\u2019s own interest. \u2026\", \"sentence\": \"Under \u00a7 605.04091, a member doesn't violate a duty solely because the conduct also helps that member.\"}, {\"url\": \"https:\/\/www.leg.state.fl.us\/statutes\/index.cfm?App_mode=Display_Statute&URL=0600-0699\/0605\/Sections\/0605.0105.html\", \"cite\": \"Fla. Stat. \u00a7 605.0105\", \"heading\": \"Operating agreement; scope, function, and limitations.\", \"support\": \"Relations among the members as members and between the members and the limited liability company\", \"verdict\": \"supported\", \"law_text\": \"\u2026 (a) Relations among the members as members and between the members and the limited liability company. (b) The rights and duties under this chapter of a person in the capacity of manager. (c) The activities and affairs of the company and the conduct of those activities and affairs. (d) The means and conditions for amending the operating agreement. \u2026\", \"sentence\": \"Under \u00a7 605.0105, the operating agreement governs relations among members and between members and the LLC.\"}, {\"url\": \"https:\/\/www.leg.state.fl.us\/statutes\/index.cfm?App_mode=Display_Statute&URL=0600-0699\/0605\/Sections\/0605.0105.html\", \"cite\": \"Fla. Stat. \u00a7 605.0105\", \"heading\": \"Operating agreement; scope, function, and limitations.\", \"support\": \"To the extent the operating agreement does not otherwise provide for a matter described in subsection (1), this chapter governs the matter\", \"verdict\": \"supported\", \"law_text\": \"\u2026 (b) The rights and duties under this chapter of a person in the capacity of manager. (c) The activities and affairs of the company and the conduct of those activities and affairs. (d) The means and conditions for amending the operating agreement. (2) To the extent the operating agreement does not otherwise provide for a matter described in subsection (1), this chapter governs the matter. (3) An operating agreement may not do any of the following: (a) Vary a limited liability company\u2019s capacity under s. 605.0109 to sue and be sued in its own name. (b) Vary the law applicable under s. 605.0104. (c) Vary the requirement, procedure, or other provision of this chapter pertaining to: 1. Registered agents; or 2. \u2026\", \"sentence\": \"Where it's silent, the statute fills the gap.\"}, {\"url\": \"https:\/\/www.leg.state.fl.us\/statutes\/index.cfm?App_mode=Display_Statute&URL=0600-0699\/0605\/Sections\/0605.0105.html\", \"cite\": \"Fla. Stat. \u00a7 605.0105\", \"heading\": \"Operating agreement; scope, function, and limitations.\", \"support\": \"Relieve or exonerate a person from liability for conduct involving bad faith, willful or intentional misconduct, or a knowing violation of law\", \"verdict\": \"supported\", \"law_text\": \"\u2026 605.04091, except as otherwise provided in subsection (4). (f) Eliminate the obligation of good faith and fair dealing under s. 605.04091, but the operating agreement may prescribe the standards by which the performance of the obligation is to be measured if the standards are not manifestly unreasonable. (g) Relieve or exonerate a person from liability for conduct involving bad faith, willful or intentional misconduct, or a knowing violation of law. (h) Unreasonably restrict the duties and rights stated in s. 605.0410, but the operating agreement may impose reasonable restrictions on the availability and use of information obtained under that section and may define appropriate remedies, including liquidated damages, for a breach of a reasonable restriction on use. \u2026\", \"sentence\": \"An operating agreement also cannot relieve a person of liability for bad faith, willful or intentional misconduct, or a knowing violation of law.\"}, {\"url\": \"https:\/\/www.leg.state.fl.us\/statutes\/index.cfm?App_mode=Display_Statute&URL=0600-0699\/0605\/Sections\/0605.0410.html\", \"cite\": \"Fla. Stat. \u00a7 605.0410\", \"heading\": \"Records to be kept; rights of member, manager, and person dissociated to information.\", \"support\": \"The member makes a demand in a record received by the company, describing with reasonable particularity the information sought and the purpose for seeking the information\", \"verdict\": \"supported\", \"law_text\": \"\u2026 1. The records described in subsection (1); and 2. Full information regarding the activities, affairs, financial condition, and other circumstances of the company as is just and reasonable if: a. The member seeks the information for a purpose reasonably related to the member\u2019s interest as a member; and b. The member makes a demand in a record received by the company, describing with reasonable particularity the information sought and the purpose for seeking the information, and if the information sought is directly connected to the member\u2019s purpose. (c) Within 10 days after receiving a demand pursuant to subparagraph (b)2., the company shall, in a record, inform the member who made the demand of: 1. \u2026\", \"sentence\": \"Florida gives LLC members and partners a right to company information, and a written request creates a dated record of what you asked for.\"}, {\"url\": \"https:\/\/www.leg.state.fl.us\/statutes\/index.cfm?App_mode=Display_Statute&URL=0600-0699\/0605\/Sections\/0605.0410.html\", \"cite\": \"Fla. Stat. \u00a7 605.0410\", \"heading\": \"Records to be kept; rights of member, manager, and person dissociated to information.\", \"support\": \"Without demand, any information concerning the company\u2019s activities, affairs, financial condition, and other circumstances that is known to the company and is material to the proper exercise of the member\u2019s rights and duties under the operating agreement or this chapter, except to the extent the company can establish that it reasonably believes the member already knows the information\", \"verdict\": \"supported\", \"law_text\": \"\u2026 (b) The company shall furnish to each member: 1. Without demand, any information concerning the company\u2019s activities, affairs, financial condition, and other circumstances that is known to the company and is material to the proper exercise of the member\u2019s rights and duties under the operating agreement or this chapter, except to the extent the company can establish that it reasonably believes the member already knows the information; and 2. \u2026\", \"sentence\": \"For LLCs, \u00a7 605.0410 requires the company to share material information without a demand, unless it shows you already know it.\"}, {\"url\": \"https:\/\/www.leg.state.fl.us\/statutes\/index.cfm?App_mode=Display_Statute&URL=0600-0699\/0605\/Sections\/0605.0410.html\", \"cite\": \"Fla. Stat. \u00a7 605.0410\", \"heading\": \"Records to be kept; rights of member, manager, and person dissociated to information.\", \"support\": \"Within 10 days after receiving a demand pursuant to subparagraph (b)2., the company shall provide to the member who made the demand a record of\", \"verdict\": \"supported\", \"law_text\": \"\u2026 and 2. On demand, other information concerning the company\u2019s activities, affairs, financial condition, and other circumstances, except to the extent the demand or information demanded is unreasonable or otherwise improper under the circumstances. (c) Within 10 days after receiving a demand pursuant to subparagraph (b)2., the company shall provide to the member who made the demand a record of: 1. The information that the company will provide in response to the demand and when and where the company will provide such information. 2. For any demanded information that the company is not providing, the reasons that the company will not provide the information. \u2026\", \"sentence\": \"After your written demand, the company has 10 days to send you a record of what it will provide, when and where, and its reasons if it declines.\"}, {\"url\": \"https:\/\/www.leg.state.fl.us\/statutes\/index.cfm?App_mode=Display_Statute&URL=0600-0699\/0605\/Sections\/0605.0410.html\", \"cite\": \"Fla. Stat. \u00a7 605.0410\", \"heading\": \"Records to be kept; rights of member, manager, and person dissociated to information.\", \"support\": \"a limited liability company, as a matter within the ordinary course of its activities and affairs, may impose reasonable restrictions and conditions on access to and use of information to be furnished under this section\", \"verdict\": \"supported\", \"law_text\": \"\u2026 (8) Subject to subsection (9), the rights under this section do not extend to a person as transferee. (9) If a member dies, s. 605.0504 applies. (10) In addition to a restriction or condition stated in the operating agreement, a limited liability company, as a matter within the ordinary course of its activities and affairs, may impose reasonable restrictions and conditions on access to and use of information to be furnished under this section, including designating information confidential and imposing nondisclosure and safeguarding obligations on the recipient. In a dispute concerning the reasonableness of a restriction under this subsection, the company has the burden of proving reasonableness. \u2026\", \"sentence\": \"The company may set reasonable limits on how you use the information.\"}, {\"url\": \"https:\/\/www.leg.state.fl.us\/statutes\/index.cfm?App_mode=Display_Statute&URL=0600-0699\/0605\/Sections\/0605.0410.html\", \"cite\": \"Fla. Stat. \u00a7 605.0410\", \"heading\": \"Records to be kept; rights of member, manager, and person dissociated to information.\", \"support\": \"In a dispute concerning the reasonableness of a restriction under this subsection, the company has the burden of proving reasonableness.\", \"verdict\": \"supported\", \"law_text\": \"\u2026 In a dispute concerning the reasonableness of a restriction under this subsection, the company has the burden of proving reasonableness. This subsection does not apply to the request by a member for the records described in subsection (1). History: s. 2, ch. 2013-180; s. 6, ch. 2015-148; s. 72, ch. 2016-10; s. 250, ch. 2019-90; s. 1, ch. 2021-13.\", \"sentence\": \"If challenged, it must prove those limits are reasonable.\"}, {\"url\": \"https:\/\/www.leg.state.fl.us\/statutes\/index.cfm?App_mode=Display_Statute&URL=0600-0699\/0605\/Sections\/0605.0411.html\", \"cite\": \"Fla. Stat. \u00a7 605.0411\", \"heading\": \"Court-ordered inspection.\", \"support\": \"the circuit court in the county where the limited liability company\u2019s principal office is or was last located, as shown by the records of the department or, if there is no principal office in this state, where its registered office is or was last located, may summarily order inspection and copying of the records demanded\", \"verdict\": \"supported\", \"law_text\": \"\u2026 605.0410(2)(a), (3)(a), (3)(b), or (4), as applicable, to inspect and copy any records required by that section to be available for inspection, the circuit court in the county where the limited liability company\u2019s principal office is or was last located, as shown by the records of the department or, if there is no principal office in this state, where its registered office is or was last located, may summarily order inspection and copying of the records demanded, at the limited liability company\u2019s expense, upon application of the member, manager, or other person. \u2026\", \"sentence\": \"If the company refuses inspection, \u00a7 605.0411 lets the circuit court in the county of the principal office order inspection and copying.\"}, {\"url\": \"https:\/\/www.leg.state.fl.us\/statutes\/index.cfm?App_mode=Display_Statute&URL=0600-0699\/0605\/Sections\/0605.0411.html\", \"cite\": \"Fla. Stat. \u00a7 605.0411\", \"heading\": \"Court-ordered inspection.\", \"support\": \"it shall also order the limited liability company to pay the costs, including reasonable attorney fees, reasonably incurred by the member, manager, or other person seeking the records to obtain the order and enforce its rights under this section unless the limited liability company proves that it refused inspection in good faith because the company had a reasonable basis for doubt about the right of the member, manager, or such other person to inspect or copy the records demanded\", \"verdict\": \"supported\", \"law_text\": \"\u2026 (2) If the court orders inspection or copying of the records demanded, it shall also order the limited liability company to pay the costs, including reasonable attorney fees, reasonably incurred by the member, manager, or other person seeking the records to obtain the order and enforce its rights under this section unless the limited liability company proves that it refused inspection in good faith because the company had a reasonable basis for doubt about the right of the member, manager, or such other person to inspect or copy the records demanded. \u2026\", \"sentence\": \"The court must also order the company to pay the member's reasonable attorney fees, unless the company refused in good faith on a reasonable basis to doubt your right.\"}, {\"url\": \"https:\/\/www.leg.state.fl.us\/statutes\/index.cfm?App_mode=Display_Statute&URL=0600-0699\/0620\/Sections\/0620.8403.html\", \"also\": [{\"url\": \"https:\/\/www.leg.state.fl.us\/statutes\/index.cfm?App_mode=Display_Statute&URL=0600-0699\/0620\/Sections\/0620.8403.html\", \"cite\": \"Fla. Stat. \u00a7 620.8403\", \"heading\": \"Partner\u2019s rights and duties with respect to information.\", \"support\": \"The right of access provides the opportunity to inspect and copy books and records during ordinary business hours.\", \"law_text\": \"\u2026 (2) A partnership shall provide partners and their agents and attorneys access to the books and records of the partnership. The partnership shall provide former partners and their agents and attorneys access to books and records pertaining to the period during which they were partners. The right of access provides the opportunity to inspect and copy books and records during ordinary business hours. A partnership may impose a reasonable charge, covering the costs of labor and material, for copies of documents furnished. (3) Each partner and the partnership shall furnish to a partner, and to the legal representative of a deceased partner or partner under legal disability: \u2026\"}], \"cite\": \"Fla. Stat. \u00a7 620.8403\", \"heading\": \"Partner\u2019s rights and duties with respect to information.\", \"support\": \"A partnership shall provide partners and their agents and attorneys access to the books and records of the partnership.\", \"verdict\": \"supported\", \"law_text\": \"\u2026 (2) A partnership shall provide partners and their agents and attorneys access to the books and records of the partnership. The partnership shall provide former partners and their agents and attorneys access to books and records pertaining to the period during which they were partners. The right of access provides the opportunity to inspect and copy books and records during ordinary business hours. \u2026\", \"sentence\": \"Under \u00a7 620.8403, a partnership must give partners and their attorneys access to its books during ordinary business hours.\"}, {\"url\": \"https:\/\/www.leg.state.fl.us\/statutes\/index.cfm?App_mode=Display_Statute&URL=0600-0699\/0620\/Sections\/0620.8701.html\", \"cite\": \"Fla. Stat. \u00a7 620.8701\", \"heading\": \"Purchase of dissociated partner\u2019s interest.\", \"support\": \"If a partner is dissociated from a partnership without resulting in a dissolution and winding up of the partnership business under s. 620.8801\", \"verdict\": \"supported\", \"law_text\": \"(1) If a partner is dissociated from a partnership without resulting in a dissolution and winding up of the partnership business under s. 620.8801, the partnership shall cause the dissociated partner\u2019s interest in the partnership to be purchased for a buyout price determined pursuant to subsection (2). (2) The buyout price of a dissociated partner\u2019s interest is the amount that would have been distributable to the dissociating partner under s. \u2026\", \"sentence\": \"For partnerships, \u00a7 620.8701 covers a partner who leaves without ending the business.\"}, {\"url\": \"https:\/\/www.leg.state.fl.us\/statutes\/index.cfm?App_mode=Display_Statute&URL=0600-0699\/0620\/Sections\/0620.8701.html\", \"cite\": \"Fla. Stat. \u00a7 620.8701\", \"heading\": \"Purchase of dissociated partner\u2019s interest.\", \"support\": \"the partnership shall cause the dissociated partner\u2019s interest in the partnership to be purchased for a buyout price determined pursuant to subsection (2).\", \"verdict\": \"supported\", \"law_text\": \"\u2026 620.8801, the partnership shall cause the dissociated partner\u2019s interest in the partnership to be purchased for a buyout price determined pursuant to subsection (2). (2) The buyout price of a dissociated partner\u2019s interest is the amount that would have been distributable to the dissociating partner under s. \u2026\", \"sentence\": \"The partnership must buy that interest at a statutory price.\"}, {\"url\": \"https:\/\/www.leg.state.fl.us\/statutes\/index.cfm?App_mode=Display_Statute&URL=0600-0699\/0620\/Sections\/0620.8701.html\", \"cite\": \"Fla. Stat. \u00a7 620.8701\", \"heading\": \"Purchase of dissociated partner\u2019s interest.\", \"support\": \"If no agreement for the purchase of a dissociated partner\u2019s interest is reached within 120 days after a written demand for payment, the partnership shall pay, or cause to be paid, in cash to the dissociated partner the amount the partnership estimates to be the buyout price\", \"verdict\": \"supported\", \"law_text\": \"\u2026 620.8702. (5) If no agreement for the purchase of a dissociated partner\u2019s interest is reached within 120 days after a written demand for payment, the partnership shall pay, or cause to be paid, in cash to the dissociated partner the amount the partnership estimates to be the buyout price and accrued interest, reduced by any offsets and accrued interest under subsection (3). \u2026\", \"sentence\": \"If no agreement is reached within 120 days after a written demand for payment, the partnership pays its estimated price.\"}, {\"url\": \"https:\/\/www.leg.state.fl.us\/statutes\/index.cfm?App_mode=Display_Statute&URL=0600-0699\/0620\/Sections\/0620.8701.html\", \"cite\": \"Fla. Stat. \u00a7 620.8701\", \"heading\": \"Purchase of dissociated partner\u2019s interest.\", \"support\": \"all other amounts owing, whether or not presently due, from the dissociated partner to the partnership, must be offset against the buyout price\", \"verdict\": \"supported\", \"law_text\": \"\u2026 Interest must be paid from the date of dissociation to the date of payment. (3) Damages for wrongful dissociation under s. 620.8602(2), and all other amounts owing, whether or not presently due, from the dissociated partner to the partnership, must be offset against the buyout price. Interest must be paid from the date the amount owed becomes due to the date of payment. \u2026\", \"sentence\": \"Amounts the partner owes the partnership are offset against that price.\"}, {\"url\": \"https:\/\/www.leg.state.fl.us\/statutes\/index.cfm?App_mode=Display_Statute&URL=0600-0699\/0605\/Sections\/0605.0801.html\", \"cite\": \"Fla. Stat. \u00a7 605.0801\", \"heading\": \"Direct action by member.\", \"support\": \"a member may maintain a direct action against another member, a manager, or the limited liability company\", \"verdict\": \"supported\", \"law_text\": \"(1) Subject to subsection (2), a member may maintain a direct action against another member, a manager, or the limited liability company to enforce the member\u2019s rights and otherwise protect the member\u2019s interests, including rights and interests under the operating agreement or this chapter or arising independently of the membership relationship. (2) A member maintaining a direct action under this section must plead and prove either: \u2026\", \"sentence\": \"Under \u00a7 605.0801, a member may sue another member, a manager, or the company directly.\"}, {\"url\": \"https:\/\/www.leg.state.fl.us\/statutes\/index.cfm?App_mode=Display_Statute&URL=0600-0699\/0605\/Sections\/0605.0801.html\", \"cite\": \"Fla. Stat. \u00a7 605.0801\", \"heading\": \"Direct action by member.\", \"support\": \"A member maintaining a direct action under this section must plead and prove either: (a) An actual or threatened injury that is not solely the result of an injury suffered or threatened to be suffered by the limited liability company; or (b) An actual or threatened injury resulting from a violation of a separate statutory or contractual duty owed by the alleged wrongdoer to the member\", \"verdict\": \"supported\", \"law_text\": \"\u2026 (2) A member maintaining a direct action under this section must plead and prove either: (a) An actual or threatened injury that is not solely the result of an injury suffered or threatened to be suffered by the limited liability company; or (b) An actual or threatened injury resulting from a violation of a separate statutory or contractual duty owed by the alleged wrongdoer to the member, even if the injury is in whole or in part the same as the injury suffered or threatened to be suffered by the limited liability company. History: s. 2, ch. 2013-180; s. 255, ch. 2019-90.\", \"sentence\": \"The member must plead and prove either an injury not solely suffered by the company, or an injury from breach of a separate duty owed to the member.\"}, {\"url\": \"https:\/\/www.leg.state.fl.us\/statutes\/index.cfm?App_mode=Display_Statute&URL=0600-0699\/0605\/Sections\/0605.0802.html\", \"cite\": \"Fla. Stat. \u00a7 605.0802\", \"heading\": \"Derivative action.\", \"support\": \"The member first makes a demand on the other members in a member-managed limited liability company or the managers of a manager-managed limited liability company requesting that the managers or other members cause the company to take suitable action to enforce the right\", \"verdict\": \"supported\", \"law_text\": \"A member may maintain a derivative action to enforce a right of a limited liability company if: (1) The member first makes a demand on the other members in a member-managed limited liability company or the managers of a manager-managed limited liability company requesting that the managers or other members cause the company to take suitable action to enforce the right, and the managers or other members do not take the action within a reasonable time, not to exceed 90 days; or (2) A demand under subsection (1) would be futile, or irreparable injury would result to the company by waiting for the other members or the managers to take action to enforce the right in accordance with subsection (1). History: s. 2, ch. 2013-180.\", \"sentence\": \"Under \u00a7 605.0802, a member suing for the company must first demand action.\"}, {\"url\": \"https:\/\/www.leg.state.fl.us\/statutes\/index.cfm?App_mode=Display_Statute&URL=0600-0699\/0605\/Sections\/0605.0802.html\", \"cite\": \"Fla. Stat. \u00a7 605.0802\", \"heading\": \"Derivative action.\", \"support\": \"within a reasonable time, not to exceed 90 days\", \"verdict\": \"supported\", \"law_text\": \"A member may maintain a derivative action to enforce a right of a limited liability company if: (1) The member first makes a demand on the other members in a member-managed limited liability company or the managers of a manager-managed limited liability company requesting that the managers or other members cause the company to take suitable action to enforce the right, and the managers or other members do not take the action within a reasonable time, not to exceed 90 days; or (2) A demand under subsection (1) would be futile, or irreparable injury would result to the company by waiting for the other members or the managers to take action to enforce the right in accordance with subsection (1). History: s. 2, ch. 2013-180.\", \"sentence\": \"The company then has a reasonable time, not to exceed 90 days, unless demand would be futile.\"}, {\"url\": \"https:\/\/www.leg.state.fl.us\/statutes\/index.cfm?App_mode=Display_Statute&URL=0000-0099\/0095\/Sections\/0095.11.html\", \"cite\": \"Fla. Stat. \u00a7 95.11\", \"heading\": \"Limitations other than for the recovery of real property.\", \"support\": \"Actions other than for recovery of real property shall be commenced as follows:\", \"verdict\": \"supported\", \"law_text\": \"Actions other than for recovery of real property shall be commenced as follows: (1) WITHIN TWENTY YEARS.\u2014An action on a judgment or decree of a court of record in this state. (2) WITHIN FIVE YEARS.\u2014 (a) An action on a judgment or decree of any court, not of record, of this state or any court of the United States, any other state or territory in the United States, or a foreign country. \u2026\", \"sentence\": \"\u00a7 95.11 sorts lawsuits into categories with different limits.\"}, {\"url\": \"https:\/\/www.leg.state.fl.us\/statutes\/index.cfm?App_mode=Display_Statute&URL=0000-0099\/0095\/Sections\/0095.11.html\", \"cite\": \"Fla. Stat. \u00a7 95.11\", \"heading\": \"Limitations other than for the recovery of real property.\", \"support\": \"A legal or equitable action on a contract, obligation, or liability founded on a written instrument\", \"verdict\": \"supported\", \"law_text\": \"\u2026 (1) WITHIN TWENTY YEARS.\u2014An action on a judgment or decree of a court of record in this state. (2) WITHIN FIVE YEARS.\u2014 (a) An action on a judgment or decree of any court, not of record, of this state or any court of the United States, any other state or territory in the United States, or a foreign country. (b) A legal or equitable action on a contract, obligation, or liability founded on a written instrument, except for an action to enforce a claim against a payment bond, which shall be governed by the applicable provisions of paragraph (6)(e), s. 255.05(10), s. 337.18(1), or s. 713.23(1)(e), and except for an action for a deficiency judgment governed by paragraph (6)(g). \u2026\", \"sentence\": \"One category covers actions on a contract founded on a written instrument.\"}, {\"url\": \"https:\/\/www.leg.state.fl.us\/statutes\/index.cfm?App_mode=Display_Statute&URL=0000-0099\/0095\/Sections\/0095.11.html\", \"cite\": \"Fla. Stat. \u00a7 95.11\", \"heading\": \"Limitations other than for the recovery of real property.\", \"support\": \"Laches shall bar any action unless it is commenced within the time provided for legal actions concerning the same subject matter\", \"verdict\": \"supported\", \"law_text\": \"\u2026 The limitations period shall commence on the day after the certificate is issued by the clerk of court or the day after the mortgagee accepts a deed in lieu of foreclosure. (7) LACHES.\u2014Laches shall bar any action unless it is commenced within the time provided for legal actions concerning the same subject matter regardless of lack of knowledge by the person sought to be held liable that the person alleging liability would assert his or her rights and whether the person sought to be held liable is injured or prejudiced by the delay. This subsection shall not affect application of laches at an earlier time in accordance with law. \u2026\", \"sentence\": \"Under \u00a7 95.11, laches bars a claim not brought within the time the law allows for the same subject matter.\"}, {\"url\": \"https:\/\/www.leg.state.fl.us\/statutes\/index.cfm?App_mode=Display_Statute&URL=0000-0099\/0095\/Sections\/0095.11.html\", \"cite\": \"Fla. Stat. \u00a7 95.11\", \"heading\": \"Limitations other than for the recovery of real property.\", \"support\": \"regardless of lack of knowledge by the person sought to be held liable that the person alleging liability would assert his or her rights\", \"verdict\": \"supported\", \"law_text\": \"\u2026 The limitations period shall commence on the day after the certificate is issued by the clerk of court or the day after the mortgagee accepts a deed in lieu of foreclosure. (7) LACHES.\u2014Laches shall bar any action unless it is commenced within the time provided for legal actions concerning the same subject matter regardless of lack of knowledge by the person sought to be held liable that the person alleging liability would assert his or her rights and whether the person sought to be held liable is injured or prejudiced by the delay. This subsection shall not affect application of laches at an earlier time in accordance with law. (8) FOR INTENTIONAL TORTS BASED ON ABUSE.\u2014An action founded on alleged abuse, as defined in s. 39.01 or s. 415.102; incest, as defined in s. \u2026\", \"sentence\": \"That applies even when the other side didn't know you would sue.\"}, {\"url\": \"https:\/\/www.leg.state.fl.us\/statutes\/index.cfm?App_mode=Display_Statute&URL=0000-0099\/0095\/Sections\/0095.051.html\", \"cite\": \"Fla. Stat. \u00a7 95.051\", \"heading\": \"When limitations tolled.\", \"support\": \"The pendency of any arbitral proceeding pertaining to a dispute that is the subject of the action.\", \"verdict\": \"supported\", \"law_text\": \"\u2026 (e) Voluntary payments by the alleged father of the child in paternity actions during the time of the payments. (f) The payment of any part of the principal or interest of any obligation or liability founded on a written instrument. (g) The pendency of any arbitral proceeding pertaining to a dispute that is the subject of the action. (h) The period of an intervening bankruptcy tolls the expiration period of a tax certificate under s. 197.482 and any proceeding or process under chapter 197. \u2026\", \"sentence\": \"Under \u00a7 95.051, the time limit is tolled while an arbitration on the same dispute is pending.\"}, {\"url\": \"https:\/\/www.leg.state.fl.us\/statutes\/index.cfm?App_mode=Display_Statute&URL=0000-0099\/0095\/Sections\/0095.051.html\", \"cite\": \"Fla. Stat. \u00a7 95.051\", \"heading\": \"When limitations tolled.\", \"support\": \"A disability or other reason does not toll the running of any statute of limitations except those specified in this section\", \"verdict\": \"supported\", \"law_text\": \"\u2026 This section shall not be construed to limit the ability of any person to initiate an action within 30 days after the lifting of an automatic stay issued in a bankruptcy action as is provided in 11 U.S.C. s. 108(c). (2) A disability or other reason does not toll the running of any statute of limitations except those specified in this section, s. 95.091, the Florida Probate Code, or the Florida Guardianship Law. History: s. 16, Nov. 10, 1828; ss. 14, 17, ch. 1869, 1872; RS 1284, 1285; GS 1715, 1716; RGS 2928, 2929; CGL 4648, 4649; s. 4, ch. 74-382; s. 2, ch. 75-234; s. 1, ch. 77-174; s. 3, ch. 86-266; s. 1, ch. 89-26; s. 1, ch. 90-105; s. 519, ch. 95-147; s. 1, ch. \u2026\", \"sentence\": \"A disability or other reason does not toll the time limit, except the events that section lists.\"}, {\"url\": \"https:\/\/www.leg.state.fl.us\/statutes\/index.cfm?App_mode=Display_Statute&URL=0600-0699\/0605\/Sections\/0605.0410.html\", \"cite\": \"Fla. Stat. \u00a7 605.0410\", \"heading\": \"Records to be kept; rights of member, manager, and person dissociated to information.\", \"support\": \"Within 10 days after receiving a demand pursuant to subparagraph (b)2., the company shall provide to the member who made the demand a record of:\", \"verdict\": \"supported\", \"law_text\": \"\u2026 and 2. On demand, other information concerning the company\u2019s activities, affairs, financial condition, and other circumstances, except to the extent the demand or information demanded is unreasonable or otherwise improper under the circumstances. (c) Within 10 days after receiving a demand pursuant to subparagraph (b)2., the company shall provide to the member who made the demand a record of: 1. The information that the company will provide in response to the demand and when and where the company will provide such information. 2. For any demanded information that the company is not providing, the reasons that the company will not provide the information. \u2026\", \"sentence\": \"**Can I see my LLC's books?** Florida LLC members have information rights, and the company must respond in writing to a demand within 10 days.\"}, {\"url\": \"https:\/\/www.leg.state.fl.us\/statutes\/index.cfm?App_mode=Display_Statute&URL=0600-0699\/0605\/Sections\/0605.0105.html\", \"also\": [{\"url\": \"https:\/\/www.leg.state.fl.us\/statutes\/index.cfm?App_mode=Display_Statute&URL=0600-0699\/0620\/Sections\/0620.8103.html\", \"cite\": \"Fla. Stat. \u00a7 620.8103\", \"heading\": \"Effect of partnership agreement; nonwaivable provisions.\", \"support\": \"Except as otherwise provided in subsection (2), relations among partners and between partners and a partnership are governed by the partnership agreement.\", \"law_text\": \"(1) Except as otherwise provided in subsection (2), relations among partners and between partners and a partnership are governed by the partnership agreement. To the extent the partnership agreement does not otherwise provide, this act governs relations among partners and between partners and a partnership. (2) The partnership agreement may not: (a) Vary the rights and duties under s. 620.8105 except to eliminate the duty to provide copies of statements to all of the partners; \u2026\"}], \"cite\": \"Fla. Stat. \u00a7 605.0105\", \"heading\": \"Operating agreement; scope, function, and limitations.\", \"support\": \"To the extent the operating agreement does not otherwise provide for a matter described in subsection (1), this chapter governs the matter.\", \"verdict\": \"supported\", \"law_text\": \"\u2026 (b) The rights and duties under this chapter of a person in the capacity of manager. (c) The activities and affairs of the company and the conduct of those activities and affairs. (d) The means and conditions for amending the operating agreement. (2) To the extent the operating agreement does not otherwise provide for a matter described in subsection (1), this chapter governs the matter. (3) An operating agreement may not do any of the following: (a) Vary a limited liability company\u2019s capacity under s. 605.0109 to sue and be sued in its own name. (b) Vary the law applicable under s. 605.0104. (c) Vary the requirement, procedure, or other provision of this chapter pertaining to: 1. Registered agents; or 2. \u2026\", \"sentence\": \"The exact limits depend on the statute and your agreement.\"}], \"languages\": [{\"code\": \"en\", \"post_id\": 231}]}","chg_sendback":"","chg_canonical":"","chg_lang":"","chg_hreflang":"[]","chg_jsonld":"[{\"about\": [\"Business partner misappropriation of company funds\", \"Florida LLC member and partnership records-access rights\", \"Resolution options for co-owner disputes\"], \"author\": {\"@type\": \"Organization\", \"@id\": \"https:\/\/kewlegal.com\/resources\/#organization\", \"name\": \"KEW Legal\", \"url\": \"https:\/\/kewlegal.com\/\"}, \"@context\": \"https:\/\/schema.org\", \"headline\": \"What to Do When a Business Partner Steals From You in Florida\", \"publisher\": {\"@type\": \"Organization\", \"@id\": \"https:\/\/kewlegal.com\/resources\/#organization\", \"name\": \"KEW Legal\", \"url\": \"https:\/\/kewlegal.com\/\"}, \"speakable\": {\"@type\": \"SpeakableSpecification\", \"cssSelector\": [\"article > p:first-of-type\", \".wp-block-details p\", \"article > h1\"]}, \"inLanguage\": \"en-US\", \"description\": \"General information for co-owners, members, and investors in Florida businesses who suspect a business partner is diverting company funds. Covers defining the conduct, preserving evidence, reviewing governing agreements, Florida LLC and partnership records-access rights, resolution options, filing deadlines, and preparing for a conversation with outside counsel.\", \"spatialCoverage\": \"Florida, with a focus on Miami-Dade and Broward counties\", \"reviewedBy\": {\"@type\": \"Person\", \"name\": \"Natalie Martinez\", \"jobTitle\": \"Associate Attorney\", \"sameAs\": [\"https:\/\/www.floridabar.org\/directories\/find-mbr\/profile\/?num=1003311\"]}, \"@type\": \"Article\", \"image\": \"https:\/\/kewlegal.com\/resources\/wp-content\/uploads\/2026\/10\/a-person-sits-alone-at-a-kitchen-table-in-a-florida-home-rev-photo.jpg\"}, {\"@context\": \"https:\/\/schema.org\", \"@type\": \"BreadcrumbList\", \"itemListElement\": [{\"@type\": \"ListItem\", \"position\": 1, \"name\": \"Home\", \"item\": \"https:\/\/kewlegal.com\/resources\/\"}, {\"@type\": \"ListItem\", \"position\": 2, \"name\": \"Outside General Counsel For Businesses\", \"item\": \"https:\/\/kewlegal.com\/resources\/outside-general-counsel-for-businesses\/\"}, {\"@type\": \"ListItem\", \"position\": 3, \"name\": \"What to Do When Your Partner Steals From You in Florida\", \"item\": \"https:\/\/kewlegal.com\/resources\/outside-general-counsel-for-businesses\/what-to-do-when-your-partner-steals-from-you\/\"}]}]","chg_meta_description":"Think your business partner is taking company money? Learn which records to gather, which agreement terms to check, and which deadlines to confirm.","footnotes":""},"class_list":["post-231","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/kewlegal.com\/resources\/wp-json\/wp\/v2\/pages\/231","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kewlegal.com\/resources\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/kewlegal.com\/resources\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/kewlegal.com\/resources\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/kewlegal.com\/resources\/wp-json\/wp\/v2\/comments?post=231"}],"version-history":[{"count":5,"href":"https:\/\/kewlegal.com\/resources\/wp-json\/wp\/v2\/pages\/231\/revisions"}],"predecessor-version":[{"id":5483,"href":"https:\/\/kewlegal.com\/resources\/wp-json\/wp\/v2\/pages\/231\/revisions\/5483"}],"up":[{"embeddable":true,"href":"https:\/\/kewlegal.com\/resources\/wp-json\/wp\/v2\/pages\/14"}],"wp:attachment":[{"href":"https:\/\/kewlegal.com\/resources\/wp-json\/wp\/v2\/media?parent=231"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}