Llc Dissolution Agreement Template

📝 Generate Agreement

You can open the LLC Dissolution Agreement Template in multiple formats, including PDF, Word, and Google Docs.

Open Template

Sample

LLC Dissolution Agreement Template

Printable | Editable Form

PDF 1 PDF 2

LLC Dissolution Agreement Template (1)
Between:
[Name of the LLC]
[LLC’s ID]
[LLC’s Address]
[LLC’s Phone]
[LLC’s Email]
And:
[Name of the Member]
[Member’s ID]
[Member’s Address]
Introduction:
This document formalizes the dissolution of the LLC as of [Dissolution Date], in accordance with the laws of [State].
Clause 1: Purpose of Dissolution
The Members have resolved to dissolve the LLC for the following reasons: [Specify reasons for dissolution].
Clause 2: Effective Date
The effective date of this dissolution shall be [Effective Date].
Clause 3: Distribution of Assets
Upon dissolution, the assets of the LLC shall be distributed as follows: [Detail asset distribution plan].
Clause 4: Payment of Debts
All debts and obligations shall be settled prior to the distribution of any remaining assets. The Members agree to pay the LLC’s debts as follows: [Detail payment plan for debts].
Clause 5: Final Accounting
A final accounting of the LLC shall be performed and provided to all Members, summarizing the LLC’s financial position as of the date of dissolution.
Clause 6: Indemnification
The Members agree to indemnify each other against any losses incurred as a result of the LLC’s obligations that arise after the dissolution date.
Clause 7: Governing Law
This agreement will be governed by the laws of [State].
Signed in [City], [Date].
Sincerely,
[Signature of Member 1]
[Name of Member 1]
[Signature of Member 2]
[Name of Member 2]
LLC Dissolution Agreement Template (2)
Between:
[Name of the LLC]
[LLC’s ID]
[LLC’s Address]
[LLC’s Phone]
[LLC’s Email]
And:
[Name of the Member]
[Member’s ID]
[Member’s Address]
Introduction:
This agreement outlines the terms and conditions for the dissolution of the LLC, effective [Dissolution Date], as agreed by the Members.
Clause 1: Reason for Dissolution
The Members have agreed to dissolve the LLC due to: [List specific reasons].
Clause 2: Timeline of Dissolution
The Members shall proceed with the dissolution process following this timeline: [Outline the timeline].
Clause 3: Settlement of Liabilities
The LLC will settle any outstanding liabilities prior to distributing remaining assets to the Members. The process for this settlement will include: [Specify process].
Clause 4: Distribution of Remaining Assets
Remaining assets, after all liabilities have been paid, shall be distributed among Members in the following manner: [Detail distribution method].
Clause 5: Notification of Dissolution
The Members agree to notify all relevant parties of the LLC’s dissolution in accordance with applicable laws and regulations.
Clause 6: Release from Liability
Upon completion of the dissolution process, the Members release each other from any further obligations relating to the LLC.
Clause 7: Governing Jurisdiction
This agreement shall be governed by applicable state laws of [State].
Signed in [City], [Date].
Sincerely,
[Signature of Member 1]
[Name of Member 1]
[Signature of Member 2]
[Name of Member 2]

Template Online

Form

Please complete the form below to create the LLC Dissolution Agreement Template. All fields must be filled out to ensure a clear and complete dissolution process. We provide examples to guide you through each step.

LLC Dissolution Agreement Template

1. LLC Information


2. Member Information


3. Dissolution Details

4. Distribution of Assets

5. Settlement of Liabilities

6. Final Accounting

7. Indemnification Clause

8. Governing Law

9. Signatures and Acceptance

10. Declaration and Signatures


PDF

WORD

Printable

LLC Dissolution Agreement Template

Printable | Editable Form

PDF 1 PDF 2

Llc Dissolution Agreement Template