Texas Limited Liability Llc Withdrawal
Description
How to fill out Texas Limited Liability Company LLC Formation Package?
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FAQ
The entity must: Take the necessary internal steps to wind up its affairs. ... Submit two signed copies of the certificate of termination. ... Unless the entity is a nonprofit corporation, attach a Certificate of Account Status for Dissolution/Termination issued by the Texas Comptroller. ... Pay the appropriate filing fee.
Under Texas law, a member of an LLC may neither voluntarily withdraw nor be expelled from a Texas LLC. However, an agreement can modify this statutory default prohibition.
Draft a formal, written notice that states your intention to withdraw and be sure to cite the provisions of the Operating Agreement that pertain to withdrawal. State any desires or demands regarding full payment for any investments you made in the company. Deliver your written notice to every member of the company.
Begin your letter with a formal greeting and the date. Clearly state your purpose for writing the letter in the opening paragraph. Provide details of your withdrawal, including when it will take effect. Explain your reason for the withdrawal and provide any necessary documentation.
To dissolve your Texas Limited Liability Company, there is a $40 filing fee required.