Question
dissolving a LLC between partner and I ...?
couple years back, my partner and I formed a LLC, but the business venture never opened for business, or generated any income. Now, I am opening my own business and will be incorporating a new company, don't need or care to have the other company with my name on it any longer. how can I go about in dissolving my share of the LLC company? thanks,
3 years ago - 2 answers
Best Answer
Chosen by Asker
I believe you'll need your partner's signature on a dissolution document. You'd have to weigh the cost of hiring a lawyer to advise you and draw up such a document against the risk that your old partner would demand his part of any new money made.
by homer742
3 years ago
Asker's Rating: 
Other Answers
If you never did anything except incorporate you should file a final partnership return with the IRS and inform your state corporation commission that the LLC is dissolved and not in business. How you dissolve it depends on the operating procedures you and your partner established when it was formed. If none exist, then just give that person your portion of the LLC. It is unclear based upon information provided, how it was formed from an operating/managing partner perspective.
by Joseph H- 3 years ago