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Split an LLC

KSE

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Join Date: May 2011

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05-19-2011, 06:19 PM

I need to split LLC 1 into LLC 1 and LLC 2. One part of the business will stay as the original single member llc and the other part of the business will form llc 2 with 3 members. Now my question is: Can I just form a new llc and transfer the assets over or do I need to make a sale from llc 1 to llc 2?

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