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California llc member withdrawal form

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The document LP-102 is a Certificate of Withdrawal for a limited partner of a California limited partnership. It outlines the process for individuals who mistakenly believe they are limited partners to formally withdraw from the partnership. The document includes filing instructions, legal authority, fees, and requirements for completion, emphasizing the need for accurate information and signatures under penalty of perjury.

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Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

Do you have to pay the $800 California LLC fee the final year?

There are no state filing fees for any type of California LLC cancellation or foreign LLC surrender; however, if rush processing of the dissolution is required, additional legal fees and other requirements apply.

How do I remove myself from an LLC in California?

Provide written notification to the LLC of your intent to remove yourself. Receive what interest in the company you are due. (The other members are required to buy you out in line with the Articles of Organization and your share of ownership in the business.)

How do I withdraw as a member of an LLC?

In order to terminate the LLC, the LLC also must file a Certificate of Cancellation (Form LLC-4/7).

How to withdraw from California LLC?

A member may withdraw, resign, or retire at any time by simply giving the other members written notice.

How do I remove a member from an LLC in California?

Four steps to dissolve your California LLC Step 1: File certificate of dissolution. Step 2: Give notice to creditors and Franchise Tax Board. Step 3: Submit the certificate of cancellation. Step 4: Address registrations from out of state.

How do I withdraw money from my LLC?

In general, an LLC is required to pay the $800 annual tax and file a California tax return until the appropriate paperwork is filed with the SOS to cancel the LLC.

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