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Remove Brand Logo to the Operating Agreement

Remove Brand Logo to the Operating Agreement

Aug 6th, 2022

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How to Remove Brand Logo to the Operating Agreement

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64 votes

In this segment, Lee Phillips discusses the process of removing a partner from a corporation or LLC. He emphasizes that while members are not technically partners, they often function as such in business. If one member wishes to leave the LLC while the other wants to continue, there are steps to follow. The main consideration is whether to buy out the departing member, and Phillips notes that the financial aspects are up to the involved parties to resolve. Legally, it's essential to refer to the operating agreement or corporation bylaws, which may outline the procedure for expelling a member or the process for selling their stock or membership interest.

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