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Barbara
Barbara, Enrolled Agent
Category: Tax
Satisfied Customers: 2836
Experience:  18+ years of experience in tax preparation; 25+ years of experience as a real estate/corporate paralegal.
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What form do I have to fill out in order to buy out me

Customer Question

What form do I have to fill out in order to buy out me partner form our LLC paying with his share of the LLC's assets?
Submitted: 1 year ago.
Category: Tax
Customer: replied 1 year ago.
What form do I have to fill out in order to buy out me partner from our LLC paying with his share of the LLC's assets?
Expert:  Barbara replied 1 year ago.

Welcome to Just Answer. My name is ***** ***** I will be happy to assist you today.

There is not one form that needs to be filled out to buy out a partner. There are a series of steps and documents that are required to effectively accomplish the buyout. Of course, my best advice would be to hire an attorney to effectuate the buyout.

The following links contain excellent information which you will find helpful:

http://www.atyourbusiness.com/llcpurchase.php

https://www.upcounsel.com/blog/how-to-achieve-a-successful-business-partnership-buyout/

I realize this is a lot of information, but please come back to me here if you have any further questions or concerns.

Thank you and best regards,

Barb

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