When an LLC is formed, an organizational meeting should be held and an Operating Agreement should be established. If this is the case for your LLC, adding to or removing a member will be directed by the Agreement. If you have not adopted an operating agreement or held an organizational meeting, the LLC doesn’t have a formal position on adding or removing members.
An LLC Operating Agreement should spell out the necessary steps for adding and removing LLC members. If there is no formal agreement, you should still document the change in writing and have each member sign that document.
The State where your LLC is active will need to be notified of the change by filing an updated Annual Report. Click the link to let one of our friendly team complete the report for you.
NOTE: Some states allow for filing the Annual Report early. If this applies in your state, filing the early report will update the state database almost immediately. Other states don’t accept early reports, so you would just file the next Annual Report when it’s due to update LLC member names in the state database. If your state does not list Members or have an Annual Report then you will simply need to keep internal records of the change per your Operating Agreement.