Leverage Tax & Inspection Triggers


  1. Leverage Tax & Inspection Triggers
    • Obstructing the LLC’s filings or K-1 deadlines can expose PV Legacy to tax penalties—which you can then demand he reimburse (Section 6.02–6.03).
    • Use Section 11.02’s inspection rights to do a deep dive audit: any misallocation or secret affiliate deal gives you cause to seek removal or equitable relief.