Hello,
I have been an owner in an llc for over 3 years. The business is still not turning a profit. There are three owners. I explained that we need to either; try to sell the business or bankrupt it. Two of us want to sell our shares of the business, however, the other owner isnt willing to sell their shares or bankrupt the company. That owner is now running the business (which I did entirely by myself for the past three years). That owner took out a business loan and is paying debt from it. That owner is alos using the business account for frivilous spending for things that are unnecessary and unrelated to the business (like decor, etc). Now, that owner is telling us that we are liable for the costs that they are having to pay for (although it is out of a business account that was opened under their name but our llc).

If I want to sell and that owner cant find another buyer, can they continue to accue debt that I am personally liable for, or is it the business that is liable for the accuring debt? I already contributed a lot of startup money but I never agreed to contribute any more than I already have? Please give me ANY insight as to what to do?