Legal Question in Business Law in New Jersey

You need to enter into an LLC Membership Interest Transfer Agreement that conveys your units of interest back to the other members. Just keep all the housekeeping stuff in mind (e.g., bank account, EIN (if your social security number supported it), outstanding contracts, assets, debts, creditors, promissory obligations, etc.).

If you would like to discuss further over a free phone consult, feel free to contact me anytime that is convenient.

Our firm is now referred by the American Bar Association (see under the New York section):

http://www.americanbar.org/groups/delivery_legal_services/resources/programs_to_help_those_with_moderate_income.html

Kind regards,

Frank

www.LanternLegal.com

866-871-8655

[email protected]

DISCLAIMER: this is not intended to be specific legal advice and should not be relied upon as such. No attorney-client relationship is formed on the basis of this posting.

Generally speaking, an LLC member cannot withdraw unilaterally from an LLC. Under some circumstances if the operating agreement of the LLC permits it then it can be done. Otherwise you world need to enter into a membership purchase agreement with the other members of the LLC

If everyone agrees, this should not be a complicated or costly matter.

Happy to chat further. Contact me directlybr>

Roman R. Fichman, Esq.

www.TheLegalists.com │ @TheLegalist

email: Info (@) TheLegalists (dot) com

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Disclaimer: This post has been written for educational purposes only and was not meant to be legal advice and should not be construed as legal advice or be relied upon. No intention exists to create an attorney-client relationship or any other special relationship or privilege through this post. The post may contain errors, inaccuracies and/or omissions. You should always consult an attorney admitted to practice in your jurisdiction for specific advice. This post may be deemed as Attorney Advertising.