I am a member of a 2 member LLC in California. The other partner is making horrible decisions and when all is said and done he wants to keep the LLC open. I just want out.
I dont want any money or property, I simply want out. In our Articles of Organization it states that all a member must do to resign is "announce the decision to the other members and agree upon financial obligations".
The other member is fine with me leaving, is glad i dont want money, and will not hold me liable for any additional costs.
However what forms must I file with state/federal? Because I do not trust this person any longer and just giving him a formal resignation does not legal take my name off the llc or in the eyes of the government.