A friend created an LLC and gifted it to me

[Oppeywon]

Hello, I have a friend that created the LLC for a small business that I run all aspects of it. He filed the taxes last year on his income tax (2024) and sent me a 1099 NEC. Now I have control Jan 1,2025- what paperwork do I need to sign to make the switch without him? 

[M-MTax]

I think you'll need to post more details for someone to be able to give you any useful feedback.

For example, is this (or was this) a multi-member LLC? If so, were you a member or was this a single-member LLC that your friend organized and then, for some reason, gave (gifted?) you the entire business? Is your friend still a member? Were you an employee of your friend's LLC? Does the LLC own any assets?

More details are needed.