[FL] Should I hire an attorney if the F.L.L.L.P. manager won’t communicate?
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It’s not normal to withhold all communication and statements for years (Fla. Stat. § 620.1304). Even if distributions aren’t due until Jan 2026, you’re generally entitled to financial disclosures (e.g., annual statements, K-1s). Send a formal written demand for records/accounting per your agreement and state law. If refused, hire an attorney to compel disclosure and address any mismanagement.
Florida requires limited partnerships to maintain records and make them available to partners on request. Control doesn’t cancel her duty of good faith and transparency. You can demand an accounting under Florida’s partnership statutes (Fla. Stat. § 620.1117).
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I’m in an F.L.L.L.P. The person who brought me in passed away 2.5 years ago. The lady in charge hasn’t communicated with me. The documents say I won’t receive payment until Jan 2026. Is that normal or should I hire an attorney? I don’t trust her.
Sorry to hear that. Can you share the specific payment terms in the partnership agreement?
You mean how payments are constructed—how much?
Have you tried reaching out to the lady in charge about the lack of communication?
I don’t trust her. She has several attorneys and handles me indirectly.
Anything else the lawyer should know?
No.
What documents outline your rights in the F.L.L.L.P., and do you have access?
Yes—it looks like a book. I’m just a notch in their belt. I do have access. Lots of rules. I have no power; she has all rights and voting power.
Are you receiving regular financial statements or reports for the partnership and your interest?
No. She’s never updated me.
Understood. You want to know what you can do?
Should I get an attorney? I want to make sure they must show me statements or issue payments at some point. This is in Florida.
It’s not normal to withhold all communication and statements for years (Fla. Stat. § 620.1304). Even if distributions aren’t due until Jan 2026, you’re generally entitled to financial disclosures (e.g., annual statements, K-1s). Send a formal written demand for records/accounting per your agreement and state law. If refused, hire an attorney to compel disclosure and address any mismanagement.
Florida requires limited partnerships to maintain records and make them available to partners on request. Control doesn’t cancel her duty of good faith and transparency. You can demand an accounting under Florida’s partnership statutes (Fla. Stat. § 620.1117).
I’m a small fry—do I still have the same rights?
Yes. Your percentage doesn’t erase core rights to information, fair treatment, and protection from mismanagement.
Our family is split—money ruins a lot. Thanks.
I’m sorry you’re going through that. Regardless of family dynamics, she still owes you those legal duties. If she won’t comply, you can enforce your rights.
Thanks so much. I might have more questions later.
