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Business Organizations Keyed to Macey
Lieberman v. Wyoming.com LLC
Citation:
82 P.3d 274 (2004)Facts
On September 30, 1994, Lieberman with two others created Wyoming.com. Lieberman was vested with an initial capital contribution of $20,000. Lieberman’s contribution represented a 40% ownership interest in the LLC. On February 1998, Lieberman was terminated as vice president and required to leave the business. In response to Lieberman’s notice of withdrawal, the members of the Wyoming.com accepted his withdrawal. The members also elected to continue Wyoming.com. Additionally, they approved the return of Lieberman’s $20,000 capital contribution. However, Lieberman refused to accept the $20,000 when it was offered. Wyoming.com filed suit asking for a declaration of its rights against Lieberman. Lieberman filed suit requesting dissolution of Wyoming.com.
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