The document should specify the conditions for dissolving the LLC. Members can choose to dissolve the LLC. Dissolution can occur due to death or disability. Outline the process for distributing LLC assets.
The Members will dissolve the Company upon the occurrence of the following events:
(a) The written consent of the Members;
(b) If a Member departs, passes away, or becomes disabled, the remaining Members must decide in 60 days;
(c) Any other events that result in the Company's dissolution under applicable law;
The Company will liquidate its assets upon dissolution and generate proceeds. The Members will receive these proceeds according to their respective interests. Exhibit A details the Members' interests, which are subject to adjustments. This Agreement will account for any extra Capital Contributions or distributions. These transactions will cause adjustments to the Members' interests.