Getting out of LLC?

[johnhogan]

Hello,

I am 2% owner of an LLC and I would like to get out of it. My friend started the LLC and I agreed to be 2% owner. The LLC has not been profitable. I have nothing to do with the operations and realize that it does not make sense for me to be 2% owner.


What are the steps to get out of the LLC? Thanks

[Freelancier]

Time for a little google:

How to Remove a Member From an LLC | LegalZoom: Legal Info (http://info.legalzoom.com/remove-member-llc-3492.html) and How to Remove a Partner's Name from an LLC When You Are the Resident Agent - Yahoo Voices - voices.yahoo.com (http://voices.yahoo.com/how-remove-partners-name-llc-you-2855027.html)

You may also need to file something with your state, like this form:

http://www.boe.ca.gov/pdf/boe345.pdf