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In this tutorial, Lee Phillips discusses the process of removing a business partner from a Corporation or LLC. He emphasizes that if a partner wants to leave while the other wants to continue the LLC, it's possible to get them out. The legalities involve reviewing the operating agreement or bylaws, which may outline the procedure for removing a member or handling the sale of their membership interests or stock. Phillips mentions that you may need to buy out the departing partner, but does not delve into the financial aspects, advising viewers to determine those themselves.
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