Steele v. ROSENFELD, LLC

Brant Steele appeals from a declaratory judgment in favor of Rosenfeld, LLC, and Lance Elkins in an action by Elkins and Rosenfeld, LLC, to determine the ownership interest, if any, of various parties in Rosenfeld, LLC. We affirm.

I. Factual Background

The events underlying this dispute began in October 1998. At that time, Elkins owned a three-story building in Tuscaloosa, known as the "Rosenfeld building." An ongoing business, known as the AESCO Superstore ("the Superstore"), which Elkins operated as R T Enterprises, Inc., occupied the first floor. Steele offered to "buy," and Elkins agreed to…