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  1. #1
    Join Date
    Mar 2009
    Posts
    1

    Default How to Conduct a Friendly LLC Breakup

    My question involves business law in the state of: Texas

    Let's start with an LLC with 3 members, owned equally. For business focus reasons, 2 of the members want to exit the LLC and form a new corp. The 1 remaining party has been inactive for years. No problem yet...

    The new corp (with new EIN) needs to inherit the liabilities/assets (books), and IRS tax account (years of operating expenses to go against future earnings) of the parent and leave an 'empty shell' behind.

    This is a cooperative split up, so getting things signed isn't an issue.

    What needs to be drawn/signed/filed to do this?

    Dave

  2. #2
    Join Date
    Sep 2005
    Location
    Behind a Desk
    Posts
    98,846

    Default Re: How to Conduct a Friendly LLC Breakup

    We can't guess at that - we know nothing about the situation. Get help from an accountant or a business lawyer.

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