Legal Question in Business Law in Texas
I am a partner in an llc in Texas with 2 other people. I am moving and would like to get out. My partners are ok with that. I do not want any money to be bought out. We never had a formal agreement of any kind when we started this venture. What is the process to remove myself from the partnership? Any advice will be greatly appreciated.
Asked on 4/21/11, 3:44 pm
1 Answer from Attorneys
David Leon
David L. Leon, P.C.
If they are not paying you anything for your units, then you can execute a transfer (which can be contained in the minutes of a company meeting).
Dave
For more information, please visit our website:
http://leonlaw.com
Also, please read our disclaimer:
http://leonlaw.com/disclaimer/
Answered on 4/21/11, 9:42 pm
Related Questions & Answers
-
My husband and I are shareholders in our "S" corp company and a debt... Asked 4/16/11, 7:08 am in United States Texas Business Law
-
I received a check for $42 and it bounced. I submitted it through again and it... Asked 4/13/11, 7:25 pm in United States Texas Business Law
-
I own a business in Texas. Can I have my employess sign a non compete contract for... Asked 4/13/11, 7:15 am in United States Texas Business Law
-
I am starting an online tutoring business in the state of Texas and needing... Asked 4/08/11, 10:22 am in United States Texas Business Law
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
