Simmons Family Properties, LLLP v. Shelton

PHIPPS, Presiding Judge.

This is an appeal from the trial court’s judgment, after a bench trial, granting a petition to dissolve a limited liability company pursuant to OCGA § 14-11-603 (a) and denying the respondent’s motion to stay the proceeding and compel arbitration. For the reasons that follow, we affirm.

DDE Properties, LLC, is a limited liability company formed in 2005 and owned by Donnie Shelton, Edward G. Johnson, and Simmons Family Properties, LLLP (“SFP”). Under DDE’s operating agreement, each of its members owned a one-third economic and voting interest in DDE. Danny Simmons signed…