January 29, 2023

Volume XIII, Number 29

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January 27, 2023

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January 26, 2023

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Massachusetts Business Owners' Rights to View the Company Books and Records

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.
© 2023 by Raymond Law Group LLC.National Law Review, Volume III, Number 13
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About this Author

Bruce Raymond Litigation Attorney Raymond Law Group
Partner

Bruce H. Raymond has served as lead counsel in over 1000 litigated cases in over 20 years of trial practice in state and federal courts in Connecticut and Massachusetts. Attorney Raymond has obtained many favorable results for clients in jury trials. His experience includes business litigation, products liability, toxic torts including asbestos, and intellectual property matters. He has litigated personal injury insurance defense cases including motor vehicle accidents, premises liability, liquor liability, and professional liability matters.

Attorney Raymond was elected President...

860-266-4925
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