An LLC that I'm a member of, purchased a property from a Trust. The trustee is also a member of the new LLC (we already have the Trust attorney involved to avoid conflict of interests issues).
The property was a Bnb (rented through Airbnb and Vrbo) and the trustee was the online accounts manager.
The purchase contract did not mention the online accounts. I'm afraid that the contract, besides mentioning the purchase of the property, should have mentioned also the purchase of the existing business (existing ratings, reviews, etc).
So I have 2 questions/concerns:
Pre-bookings. The online account already had some pre-bookings for the future. This money got transferred by the trustee to the new owners without it being mentioned in the sale contract. Could this trigger a lawsuit from the other members of the Trust, if they find out? Is the trustee the only liable party or also the whole (members-managed) LLC?
Could the fact that the Airbnb/Vrbo accounts were not mentioned in the sale contract cause issues if the trustee now continues using them for the new LLC?