Announcement

Collapse
No announcement yet.

Come out of an LLC !!

Collapse
This topic is closed.
X
X
  • Filter
  • Time
  • Show
Clear All
new posts

  • Come out of an LLC !!

    I am member of an LLC business. We are 5 Investors. I wanted to know
    what process do I need to follow to come out of an LLC? The business
    will continue as usual just that I want my share out.

    Do I need to file something with the state or IRS or with all of them?

    Appreciate your help.

    -Madhu


  • #2
    Come out of an LLC !!

    <[email protected]> wrote in message
    news[email protected]
    I am member of an LLC business. We are 5 Investors. I wanted to know what process do I need to follow to come out of an LLC? The business will continue as usual just that I want my share out. Do I need to file something with the state or IRS or with all of them? Appreciate your help. -Madhu
    Each state has its own laws that govern the registration and documents for
    LLC's. The state where I live has a document entitled "STATEMENT OF PERSON
    NAMED AS OFFICIAL" that would be used for someone in your circumstances.
    Check with your Secretary of State, or whomever handles LLC registration in
    your state (many have this information on their website).

    With regard to getting your "money" out, that is an entirely different
    matter and depends on what sort of financial and ownership terms were agreed
    to and documented when the LLC was formed (such as Articles of
    Incorporation, Partnership Agreement, etc).


    Comment

    Working...
    X