Legal Question in Business Law in Washington
Removing and changing members of LLC agreement
How do we remove and change members of our LLC agreement? We co-own a small business and mutually agree with our partners that they want out of the business, leaving us, my wife and I, as the remaining members.
Asked on 5/28/09, 3:14 pm
1 Answer from Attorneys
Ann Sattler
Aiken, St. Louis & Siljeg, P.S.
Re: Removing and changing members of LLC agreement
Typically you purchase the shares of the exiting members and have resolutions passed in order to do so.
Answered on 5/28/09, 3:33 pm