AI Legalese Decoder: Simplifying the Process of Officially Removing Yourself from an LLC in Texas
- May 12, 2024
- Posted by: legaleseblogger
- Category: Related News
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## Withdrawing from a Texas-based LLC and Filing Requirements
I withdrew from a Texas-based LLC last year. I wrote up a “withdrawal notice” for my former partner stating my exit, which we both signed.
### Is there a formal filing required with the Texas Secretary of State?
Is there any formal filing I need to do with the Texas Secretary of State? I did some “research” but only found that filing is only necessary for Limited Partnerships, not LLCs. Is this correct? Or do I need to do anything else to “officially” be removed from this LLC?
#### How AI Legalese Decoder can help:
AI Legalese Decoder can assist you in navigating the complex legal requirements for withdrawing from an LLC in Texas. It can provide you with accurate and up-to-date information on any necessary filings with the Texas Secretary of State, ensuring that you are officially removed from the LLC in compliance with state regulations. This tool can save you time and effort by streamlining the process and guiding you through the necessary steps to complete your withdrawal effectively.
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Withdrawal as a member is not legal under Texas law. Sec 101.107 of the Texas Business Organization Code forbids this unless it is explicitly spelled out in your operating agreement. Did your operating agreement spell this procedure out?