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Level 1
January 15, 2020
Question

Remove Partner (with consent) from LLC - can i simply write letter and notarize

  • January 15, 2020
  • 5 replies
  • 1 view

My ex-wife wants to be removed from out LLC. She had 1% ownership. My accountant suggested the easiest way is to simply write a letter transferring her 1% to someone else and having the letter notarized.  Will that work?

 

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5 replies

abctax55
Level 15
January 15, 2020

That's a legal issue, and we are not attorneys.   We are tax professionals.  And we generally don't work for free anyway.

HumanKind... Be Both
IRonMaN
Level 15
January 15, 2020

I would check with your attorney rather than your accountant for that one ------------ unless your barber has a few minutes available for consultation.

Slava Ukraini!
George4Tacks
Level 15
January 15, 2020
Ask your attorney, or if that fails try a bartender or anonymous internet people.
Answers are easy. Questions are hard!
qbteachmt
Level 15
January 15, 2020

@Beanguin 

You seem to be Lost on the Interwebs. This is forum for how to use the Tax Preparation programs that your own CPA or other Tax Professional uses. Not for TurboTax, not for legal advice, not for accounting guidance.

 

Perhaps you want to ask the TurboTax forum, which has got some sort of business social networking component:

https://ttlc.intuit.com/community/discussions/discussion/03/302

 

*******************************Don't yell at us; we're volunteers
Turning Tables
Level 2
January 15, 2020

Be careful when you ask something in this pool of sharks.  

 

https://www.upcounsel.com/how-to-remove-member-from-llc

George4Tacks
Level 15
January 15, 2020

@Turning Tables wrote:

Be careful when you ask something in this pool of sharks.  

 

https://www.upcounsel.com/how-to-remove-member-from-llc


Welcome to our ocean! The sea may be a bit shallow for so many sharks, but we like it that way. 🦈🦈🦈🦈🦈

 

Answers are easy. Questions are hard!
Turning Tables
Level 2
January 15, 2020

We? the old grouches you mean.  LOL