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Remove Brand Logo to the Partnership Agreement

Remove Brand Logo to the Partnership Agreement

Aug 6th, 2022

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How to Remove Brand Logo to the Partnership Agreement

4.7 out of 5

65 votes

Lee Phillips discusses the process of removing a member from a corporation or LLC when partners wish to separate. If one member wants to continue the LLC while the other wants out, the process can involve a buyout. He emphasizes the importance of reviewing the operating agreement or bylaws, as they may contain specific provisions for removing a member or addressing how to sell stock or membership interests. The buyout could be handled in various ways, including the company purchasing the member’s interests or the interests going back into the treasury. The financial aspects of the buyout are left for the parties to determine separately.

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