External Job With Pllc

Summary

As a 50/50 owner of a pllc in texas, you can take on an external job and delegate operations. Review your operating agreement for restrictions and ensure compliance with contractual obligations. If your partner wants to open her own practice, review the operating agreement for dissolution or buy-sell clauses, negotiate terms, and consider mediation or legal advice to protect your interests. Consult a legal professional to explore your options and rights.

Full Conversation

What should I do if partner wants to open her own practice (same industry) and dissolve or do a buy- sell but I don’t want to change current structure
If your partner wants to open her own practice and you're considering your options, here's what you can do:
- Review Operating Agreement: Check for any clauses regarding dissolution or buy-sell agreements.
- Negotiate Terms: Discuss buy-sell terms with your partner that might allow you to retain control.
- Seek Mediation: Consider professional mediation to resolve any disagreements amicably.
- Legal Advice: Consult with a lawyer to explore your legal rights and options.
Have you considered discussing these options with your partner?
I have discussed. She wants to start her one practice.
It sounds like you and your partner are at a crossroads. Since she wants to start her own practice, it's essential to address this collaboratively. Have you considered consulting a mediator or legal professional to ensure a fair transition and protect your interests in the PLLC?
No do I have to. Can I just keep operating as usual
Case Rating: *
Since your partner wants to start her own practice, it's important to address the situation to avoid potential legal issues later. While you might want to continue as usual, ensuring a proper resolution to your partnership is crucial. Consider consulting a legal professional to explore your options and rights.