Hi, here are the facts: - I started an LLC with a friend and a investor to create a website -The investor argued for a 33% stake in the LLC for providing us with the capital to fund the site (we had the idea and plan) -After a $1,000 investment, we developed the code for the website and the investor wanted to split the future costs from now on instead of him solely funding the LLC -My friend and I thought that was unfair, especially after the investor argued so vehemently for 33% and insinuating that he would be funding the site long term. -We offered to buy the investor out because my friend and I could've come up with the $1k easy and went to him only because we needed more money to start, build, and run the website. -Investor said to buy him out would cost us $25k and another $25k for the code which he is keeping hostage. -We have no operating agreement Therefore, this is the solution my friend and I came up with: -Dissolve the company and essentially leave him with the $1k bill and the code -Start from scratch and build a new website under the same name (QUESTIONS 1) Would he be able to sue us for the anything more than $1k, which I don't think so because we had "limited liability" under the LLC and it was just a bad investment on his part? 2)If he started a new site with that same code created under our LLC, do we have any legal claim to sue him since the code is based exclusively off our idea and design? THANK YOU! I REALLY APPRECIATE IT!