The operating agreement of the LLC (Which is required in CA) will set forth the terms of how one partner may withdraw. Generally it provides for a buy out or a winding down. If the parties can't agree on price, either party can petition the court and force the LLC to wind down (dissolve).
Once one partner leaves, if there is only 1 partner left then it becomes a single partnership entity for tax purposes (so the LLC income is reported on the individual partner's 1040).
The operating agreement would need to be amended to reflect the ownership change. Bank accounts, credit cards, etc would need to have the name removed as well.
It is best to hire an attorney to assist with reformulating and to ensure the operating agreement is complied with.
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