change of ownership for multi member llc I have a situation that member 1 bought member 2 of the LLC. I am showing capital contribution for member 1 and increasing his % and withdraw for the member 2 who is selling his interest on K-1 for form 1065. This is resulting into negative ending capital balance for member 2.
How do I make ending balance to zero for member 2 as he is no longer partner of this LLC.
Thanks in advance for the help. |