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.

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Answered on 3/01/16, 1:28 pm


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