Statement of Dissociation for a Limited Liability Company 2026

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Dissociating from an LLC typically requires: A dissociated member does not have any right to participate in the management or operation of the LLC. The dissociated member does not have any voting rights in the LLC. A dissociated member no longer has any fiduciary duties to the LLC.
Under the Revised Uniform Partnership Act (RUPA), dissociation refers to a partners departure from the partnership, while dissolution refers more specifically to the termination of the entire partnership business.
Dissociated members lose their rights to participate in management, but retain their financial interest and a right to receive distributions.
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