7. Termination A limited liability company may dissolve by agreement of its members or when an event specified in its articles of organization or operating agreement occurs. After dissolution, an LLC’s business must be wound up, creditors paid, and any remaining assets distributed to members. Articles of termination must be filed with the state in which the LLC was organized, and filing of a notice of the dissolution may also be required. Form 7.1 contains templates for various documents required in an LLC dissolution, including notices to creditors that may limit the responsibility of members to use all or part of their shares of the liquidating proceeds to satisfy claims against the LLC. Click below to read more about or purchase this form: 7.  Termination   Form 7.1 - Dissolution and Winding Up of an LLC

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