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January 17, 2022
Question

How do I remove a majority owner from a partnership LLC in NYC? What documents can we file with the IRS?

  • January 17, 2022
  • 2 replies
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2 replies

Employee
January 17, 2022

This is a tax forum. Seek legal advice from an attorney in your state. 

January 17, 2022

if you're asking for tax return purposes just issue a final k-1.  however, if his capital a/c is not zero then you may need professional help as to how this affects the other members.  due to a tax law change, there is no longer a technical termination of the partnership.