Acts Triggering Dissolution

A LLC is dissolved upon the happening of any one of the following events:

  • Event specified in the operating agreement
  • Consent of the number or percentage of members specified in the operating agreement
  • Event that makes it unlawful for the LLC to continue unless after notice the LLC cures the illegality w/in 90 days
  • By application of a member or dissociated member and judicial order
  • Expiration of the duration of the LLC
  • By application of a transferee of a member’s interest and judicial determination that it is equitable to wind up the company’s business:
  • Administrative Dissolution