Q: I have an LLC. It has 2 members. I want dissolve but my partner doesnt. Can I drop off the LLC leaving him w/all debt?
We are an auto repair shop. Have been open for 1 year. We owe back rent, loans, & taxes. My partner steals and does not pull his weight. I really need to get away from him.
A: You could withdraw from the LLC, leaving the LLC with whatever debt is has, but if you have personal liability for any of the debt, your withdrawal will not change that fact. I suggest that you consult with an attorney.
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