EBO Properties North v. Sirott CA1/1
Opinion
Opinion
BACKGROUND
The Parties Patel, Ganey, Sirott, and Robles are medical doctors. In 2007, Patel and Sirott formed Taylor Holdings, in which they each had a 50 percent interest. Taylor was at the time, and until 2019, the sole owner of a Pleasant Hill office building (medical building) in which Patel, Ganey, Sirott, and Robles practiced. Patel and Ganey belong to the same medical practice, East Bay Medical Oncology/Hematology Medical Associates, Inc. (EBMOH). They are also members of EBO, each holding a 50 percent membership interest. Sirott and Robles belong to another medical practice, Diablo Valley Oncology and Hematology Group (DVO). In 2008, Patel, Sirott, and Robles executed an operating agreement, listing Taylor Holdings’ members as EBO (50 percent), Sirott (25 percent),
3 and Robles (25 percent). The following year, Sirott transferred his 25 percent interest in Taylor Holdings to his family trust, for which his wife Arlene Sirott is a co-trustee. The transfer was made through a first amendment to the Taylor Holdings operating agreement. In the fall of 2016, Patel proposed to Taylor Holdings and Sirott that Patel’s practice, EBMOH, lease a vacant space in the medical building.…