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Write 1 page essay on the topic 10-1.Legally, Mark Levitt should have been informed transparently about the reason for his removal. His removal from the position by three members of the company indica
Write 1 page essay on the topic 10-1.
Legally, Mark Levitt should have been informed transparently about the reason for his removal. His removal from the position by three members of the company indicates that they were driven by self interest rather than the betterment of the company in the long term. Additionally no fiduciary duties towards the LLC were violated since being a manager also entails management of all company assets. unless Mark Levitt intended to sell off the real estate for personal interests over the company interests (Fitzpatrick, 2014). The company should have had confidence in Mark Levitt for managing the real estate for the best interest of the company.
Yet there are still loopholes in the case and additional information is required in order to proceed with the case. Firstly, the previous manager’s purpose and motive behind selling off the real estate property. Secondly, the clear reasons for Mark Levitt’s removal from his position. Further information regarding the ownership of the property is needed to clarify the position of Lauren Bivins. Full information needs to be known as to the reason for Mark Levitt’s decision to sell of the company’s main real estate in order to be visualize the whole
