Legal Question in Business Law in New Jersey

I'm a part of a 2 member LLC in New Jersey and I want to get out and as I read on your answers for other questions that a member can resign at any time .Consodering that bother partner agreed on the break up how can I resign from this two member llc ?


Asked on 4/19/10, 5:50 am

2 Answers from Attorneys
Ronald Cappuccio Ronald J. Cappuccio, J.D., LL.M.(Tax)

The best way to get out is to have a tax and business attorney review:

1. Certificate of Formation

2. Operating Agreement

3. Buy/Sell Agreement (if separate from the Operating Agreement.)

4. Last 2 or 3 years' 1065 US Partnership Income Tax Return. If for some reason you elected to be taxed as a corporation, you would have an 1120 or 1120S.

The attorney can then tell you the steps necessary to dissolve the LLC and the tax consequences.

I hope this helps!

Ron Cappuccio

856 665-2121

www,TaxEsq.com

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Answered on 4/24/10, 9:57 am
Robert Davies The Davies Law Firm, P.A.

get a lawyer to help you.

I can do this, and have been doing this kind of work for 25 years. call me, and we will get this going. 201 820 3460

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Answered on 4/25/10, 8:04 am


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