I want out of company, partner wants to buy me out- please help on proceeding

 

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I want out of company, partner wants to buy me out- please help on proceeding

Hello all,

My business partner and I decided to dissolve our LLC located in NYC. After a couple of weeks he brought up that he wanted to buy me out. We have a operating agreement which we signed that we are 50/50. I am okay with this as I want out of the business.

My question is- what form(s) are needed legally for me to transfer my half to him. Operating agreement states that an offer must be made in writing. What does this really entail? Is there a legal document that we can both sign on in regards to price and move on?

Any help would be greatly appreciated!

EDIT 1: Got my business properly appraised. Partner now wants to dissolve it. Moving forward with dissolution. Thanks for all of your help on the above question. Definitely will help for future endeavors I get myself into.

I want out of company, partner wants to buy me out- please help on proceeding

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