Massachusetts Business Owners' Rights to View the Company Books and Records
Sunday, January 13, 2013

If you are a Massachusetts business owner, you have the right to see the books!

Here are the most important things to know:   

  1. Whether you are an owner of a corporation; Limited Liability Company (LLC); or partnership; the law in Massachusetts gives you the right to view the company books and records. See the following: non-stock corporations - Mass. Gen. Laws Ann. Ch. 156C, § 9(b) ; partnerships -Mass. Gen. Laws Ann. Ch. 108A, §19; Limited Partnerships - Mass. Gen. Laws. Ch. 109, §5(b ); see also inspections by shareholders ; Mass. Gen. Laws Ann. Ch. 156D, §§ 16.01 et seq. business man reading the books
  2. Look to Your appropriate business agreement to identify the specific contract language that applies, if any;
  3. Make a written request / demand to see the records in a manner consistent with the operating agreement and applicable statute;
  4. If your demands are ignored; you may consider hiring an attorney. Your lawyer may file an action in the superior court to compel management to produce requested records.
 

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