Legal Question in Business Law in Utah
Im a member of an LLC & I want to resign. What are my options?
Asked on 3/01/16, 11:31 am
1 Answer from Attorneys
Randy Lish
Randy M. Lish, Attorney at Law
Without looking at your operating agreement, I can only guess. If allowed by the LLC agreement, you can just sign a letter stating that you resign form the LLC as a member, and you are turning your ownership interest back to the LLC.Depending on the value of the ownership interest, there may be tax implications.
Answered on 3/01/16, 1:28 pm
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