Murphy v. McMaster

Carley, Justice.

M. Vincent Murphy, III and Robert McMaster are the sole members of four limited liability companies (LLCs), which are governed by operating agreements that designate Murphy as the funding member and McMaster as the manager. Each LLC is the general partner in a limited partnership (LP). Each of the four LPs owns an apartment complex. With respect to each LFJ McMaster is a limited partner and serves as the management agent. Murphy is the president and sole shareholder of Community Management Services, Inc. (CMS), which contracted with the LPs to provide management services for…