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Lee Phillips discusses the process of removing a member from a corporation or LLC. If you're in a situation where one member wishes to exit while the other wants to continue, you'll need to look at the operating agreement or corporate bylaws, as these documents may outline the procedure for member removal or stock sales. The exit process could involve buying out the departing member's interests, but the specifics of the buyout arrangement are left for the parties to negotiate. Overall, understanding the governing documents is crucial for legally effectuating the member's exit.