Unpaid LLC Distributions in New York: Each Missed Payment Starts a New Statute of Limitations

Missed LLC Distributions in New York: Why the Clock May Still Be Running If you are a member or investor in a New York LLC and have not been paid distributions promised to you, the statute of limitations may still be open—even years later. Many LLC members assume that if an agreement was breached long ago, they are “out of luck.” That is often wrong when the obligation involves recurring profit distributions. New York courts repeatedly hold that each failure to pay a required distribution is…