Question:  My husband and I own an LLC together.  We each own 50% as our community property. What forms do I need to fill out to remove myself as a member and what costs are involved to have you do this?  I looked on your website but I was unsure which form to fill out. I know I also need to fill out the form that says I will not make any claims on the business once he ows it himself.

Answer: To learn about this topic read my article entitled “What to Do When Your LLC Adds or Deletes a Member or if a Member’s Interest in the Company Changes.”  To hire us to document the removal of one or more members of an Arizona LLC, complete our short online Transfer of LLC Interest Agreement.

When we prepare an Assignment of Membership Interest Agreement (this is the document that actually transfer the membership interest from the terminating member to the transferee) to be signed by a member who is transferring his or her entire interest in the LLC we include release language by which the transferring person releases the LLC and its members and managers from all claims the transferor may have against the released parties.

Watch our demonstration video that shows how to add or remove a member from an Arizona LLC.