Florida’s Law on Leaving an LLC: What You Need to Know

– The Florida Revised Limited Liability Company Act allows members to dissociate from an LLC by providing notice of their intentions to withdraw.
– Once a member dissociates, their rights to participate in the management of the LLC terminate, but they are still responsible for any debts or obligations incurred while a member.
– The Act also provides other methods for a member to be dissociated, such as when an event stated in the operating agreement occurs or if the member’s entire interest is transferred in a foreclosure sale. – A person can be expelled as a member by unanimous consent of other members if it is unlawful to carry on the company’s activities with that person as a member.
– A person can also be expelled by judicial order for wrongful conduct or a breach of the operating agreement.
– A person has the absolute right to dissociate wrongfully from the LLC, but they may be liable for damages caused by the dissociation.

https://www.jimersonfirm.com/blog/2013/12/floridas-revised-limited-liability-company-act-part-iii-the-right-to-dissociate-from-the-llc/