How to dissolve your LLC by David Tingstad of Beresford Booth PLLC in Edmonds Wasington (425) 776-4100 and Ashley Wicks of Jones Walker in Jackson, Mississippi. For more information please contact David Tingstad (425) 835-3412.

1. So its over…..
What to do to Dissolve your LLC
David C. Tingstad
of Beresford Booth PLLC in Edmonds, Washington
Ashley Wicks
of Jones Walker in Jackson, Mississippi

2. So its over…...What to do to Dissolve your LLC
Member
Money
LLC
Member
Service
BERESFORD♦BOOTH PLLC
LAWYERS

3. So its over…...What to do to Dissolve your LLC
TRIGGERING EVENTS FOR DISSOLUTION
Deadlock
Terms of LLC
Agreement
Involuntary
Administrative
Death of
Member
Bankruptcy
of Member
BERESFORD♦BOOTH PLLC
LAWYERS

4. So its over…...What to do to Dissolve your LLC
TRIGGERING EVENTS FOR DISSOLUTION
Member
Member
Deadlock
LLC
BERESFORD♦BOOTH PLLC
LAWYERS

5. So its over…...What to do to Dissolve your LLC
TRIGGERING EVENTS FOR DISSOLUTION
Involuntary
Member
Member
Bankruptcy
of Member
Death of
Member
LLC

6. So its over…...What to do to Dissolve your LLC
TRIGGERING EVENTS FOR DISSOLUTION
Member
Member
Terms of LLC
Agreement
LLC
BERESFORD♦BOOTH PLLC
LAWYERS

7. So its over…...What to do to Dissolve your LLC
TRIGGERING EVENTS FOR DISSOLUTION
Member
Member
Administrative
LLC
BERESFORD♦BOOTH PLLC
LAWYERS

8. So its over…...What to do to Dissolve your LLC
WINDING UP
What?
Dissolution does not terminate the existence of an LLC.
Rather, the LLC’s status is converted from that of “a
going concern” to one that is “winding up” its affairs and
ceasing its operations.
BERESFORD♦BOOTH PLLC
LAWYERS

9. So its over…...What to do to Dissolve your LLC
WINDING UP
Who?
The LLC’s manager, member and/or creditor/assignee
typically completes the winding up process.

10. So its over…...What to do to Dissolve your LLC
WINDING UP
How?
The primary function of winding up is to make
reasonable provision for the LLC’s liabilities and to
distribute to the members any remaining assets of the
LLC.

11. So its over…...What to do to Dissolve your LLC
WINDING UP
When?
Winding up is completed when all debts, liabilities, and
obligations of the LLC have been paid, or a reasonable
adequate provision is made for them, and all remaining
property has been distributed to the LLC members.

12. So its over…..
What to do to Dissolve your LLC
BERESFORD♦BOOTH PLLC
LAWYERS