Y'all better get an understanding of how the business deals you are agreeing to work. You are ok, barely. An LLC is a Limited Liability Corporation and operates just like a Inc. corportation particularly giving the owners liability protection from someone taking your personal assets (like house, car, tools of your trade). A LLC has a limit of 100 shares of ownership and Corporation can have virtually unlimited owners. The LLC renewal they most likely are talking about is every state requires every LLC/Inc. to register and pay a fee to the state they are registered in each year. If you really do have a real LLC with the two scheisters in your band they can not just kick the other two out without resubmitting and amending the original LLC filing with the state. They can take you 2 off of the LLC annual filing as a corporate officer ~ Prez, VP, Secretary or Treasurer which is probably what they did which makes very little legal or financial difference it just shows how chickenpoopie your mates are towards you two. Not being an officer does not take away any % of ownership you had prior to being removed as an officer.
But why should your guitar player who is a financial guru go home after a gig and work for free while everybody else is getting drunk and laid? You should feel lucky to have a band member with such valuable skills and should kiss his ass to do an honest job (he has to be licensed and bonded and y'all aint worth losing that for him to be crooked). You should have transparency in every aspect of your business to keep everybody honest and minimize disagreements and arguments. Knowing how much "net money" the band should have can be done in your head and is much easier than memorizing 1 song. You have how much you get for each gig + merch & CD sales + tips to be divided less (subtract) fixed expenses (admin & office, operating expenses, mortgages/loans & interest, rent, utilities, salaries, marketing and promotion) plus any extraordinary show expenses and that's how much money goes in the bank or gets split.
