LLC Member Removal Form

{{company_name}}

{{company_address}}

Phone: {{phone}} | Email: {{email}} | Web: {{website}}

LLC Member Removal Form

LLC Member Removal Form

Resolution for Member Removal

WHEREAS, {{company_name}} (hereinafter “the Company”) is a Limited Liability Company duly organized and existing under the laws of {{jurisdiction_of_incorporation}}.

WHEREAS, {{member_name}} (hereinafter “the Departing Member”) has been a member of the Company since {{membership_start_date}}.

WHEREAS, the Company’s Operating Agreement or relevant foundational documents provide for the removal of a member under certain conditions.

NOW, THEREFORE, IT IS HEREBY RESOLVED, by the undersigned members/managers of {{company_name}}, effective as of {{removal_effective_date}}, that {{member_name}} is hereby removed as a member of the Company.

Reason for Removal (if applicable)

The reason(s) for the removal of {{member_name}} include but are not limited to: {{reason_for_removal}}.

This removal is in accordance with Section {{relevant_operating_agreement_section}} of the Company's Operating Agreement regarding member removal.

Cessation of Rights and Responsibilities

Upon the effective date of removal, {{member_name}} shall cease to have any rights, powers, or privileges as a member of {{company_name}}.

All duties, responsibilities, and obligations as a member of the Company shall also cease, except for any post-removal obligations explicitly stated in the Operating Agreement or other binding agreements.

Capital Account and Distribution Settlement

The Company shall settle the Departing Member’s capital account in accordance with the terms of the Operating Agreement, specifically Section {{operating_agreement_capital_account_section}}.

Any distributions due to the Departing Member shall be calculated and paid out as of {{distribution_settlement_date}}, subject to any offsets or withholdings permitted by law or the Operating Agreement.

The final settlement amount shall be {{settlement_amount}} {{currency}}.

Release and Indemnification

The Departing Member hereby releases {{company_name}}, its remaining members, managers, officers, and employees from any and all claims, demands, actions, or causes of action arising from or related to their membership in the Company, except for claims for unpaid distributions or other financial entitlements as agreed herein.

Conversely, the Departing Member agrees to indemnify and hold harmless the Company for any liabilities or obligations incurred by the Company as a direct result of the Departing Member's actions or omissions prior to the effective date of removal, to the extent permitted by law and the Operating Agreement.

Return of Company Property

The Departing Member confirms the return of all company property, including but not limited to, documents, equipment, and intellectual property, by {{return_of_property_date}}.

Done and signed on this {{day}} day of {{month}}, {{year}}.