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Richard, Attorney
Category: Business Law
Satisfied Customers: 55712
Experience:  32 years of experience practicing law and a businessman.
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I formed an LLC with two partners. Both partners have backed

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I formed an LLC with two partners. Both partners have backed out before any sales were made or assets purchased. I have sent in Texas for m 424 to have the partners removed. Will they remove them and is there anything else I need to do?

Good afternoon. You will want them to sign a Assignment of Interest affirmatively transferring their interest in the LLC. Let me know if you need a form for that.



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Customer: replied 5 years ago.
The partners are hostile because I no longer want to do business with them. I found out their ethics were far below what I consider acceptable. I am the registered agent with the state. If there any way around having them sign anything short of forming a separate LLC?
The issue is that you don't want to find yourself successful and them later claiming they never assigned their interest. If they won't sign anything, I would suggest you dissolve this one and form a new one so they have no claim to any success you have in the future.
Customer: replied 5 years ago.
That is exactly what I don't want! Thanks again.
My pleasure. Happy to help! Take care.