The ________ of a limited liability company involves preserving and selling the assets of the LLC and distributing the money and property to creditors and members.

Question

Quizplus · Accepted Answer

Winding up is the process of settling the accounts and liquidating the assets of a limited liability company (LLC) for the purpose of distributing the proceeds to creditors and members.

The ________ of a Limited Liability Company Involves Preserving and Selling