LLC Question

Additional Information:

If I am the owner of an LLC business along with 2 other people, and discover that one of the other owners was taking money out of the business checking account with his business ATM card, can I do anything legally to him? he is an authorized signer on the checking account and we did not require 2 signatures for withdraws.


Did the LLC Member use the withdrawn funds for legitimate LLC business expenses? If not, assuming there is one, what does the LLC Operating Agreement say with respect to Members making such fund withdrawals? If you suspect foul play (if you think the Member stole money from the LLC), you probably should consult with an attorney regarding next steps.

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