If I recently created a new LLC with 3 members and now need to remove 1 of the members from the LLC, is there a way to do this without getting their written consent?
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If I recently created a new LLC with 3 members and now need to remove 1 of the members from the LLC, is there a way to do this without getting their written consent?
Is there any other way to change my LLC ownership so that this 1 member is no longer a part of the ownership?
Asked on December 30, 2015 under Business Law, California
Answers:
SJZ, Member, New York Bar / FreeAdvice Contributing Attorney
Answered 8 years ago | Contributor
You can't force an owner out of a business without their consent unless there is a written agreement (such as the Operating Agreement) providing for a "buy out" in certain circumstances. If you don't have such a written agreement, you can only try to negotiate them out (or negotiate to let them buy you out).
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