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Wallstreet Esq.
Wallstreet Esq., Tax Attorney
Category: Tax
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Experience:  10 years experience
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I am considering to abandon my interest in a partnership. It

Customer Question

I am considering to abandon my interest in a partnership . It is an LLC . When I do that what ramification are on the partner who stays? I give up any future income from sale or anything else.
Can he continue to work and operate on his own?
Thank u
Submitted: 1 year ago.
Category: Tax
Expert:  Richard replied 1 year ago.

Good afternoon. My name is ***** ***** I look forward to helping you.

Can you provide me a bit more information? In what state are you located? Is your other partner will to accept your withdrawal? Thanks.

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