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Not every business partnership lasts, and when the members of an LLC can no longer work together, dissolving the company is sometimes the only realistic path forward. LLC dissolution is the legal process of ending a limited liability company, winding up its affairs, paying off debts, and distributing whatever remains to the members. It can happen voluntarily, by agreement of the members, or it can be ordered by a court when the members can’t agree.
Indiana’s Business Flexibility Act governs how LLCs are formed, operated, and dissolved. An LLC’s operating agreement usually spells out the process for voluntary dissolution, including what vote or approval is required. When members are deadlocked, when management has become deadlocked or oppressive, or when the company can no longer operate as intended, a member can petition a court for judicial dissolution. Indiana courts generally reserve judicial dissolution for situations where continuing the business isn’t practical, so the specific facts matter a great deal.
At RileyCate, we help LLC members navigate both voluntary and contested dissolutions, including disputes over how assets should be divided, whether a buyout is a better alternative to full dissolution, and how to handle ongoing contracts and liabilities during the winding up process. We represent members seeking dissolution and members trying to prevent it, depending on which side of the dispute our client is on.
LLC dissolution disputes often turn on interpreting an operating agreement or Indiana’s default statutory rules, and when those interpretations are contested, appellate experience becomes valuable. Will Riley and Russell Cate lead our LLC dissolution team. Russell Cate is recognized as a Super Lawyer and has argued alongside Will Riley before the Indiana Court of Appeals and the Indiana Supreme Court, bringing that depth to disputes over business formation and dissolution. Will Riley’s Super Lawyers, Top 100 Trial Lawyers, and AV Preeminent recognition reflects the same trial credibility across his career.
Every matter we take on is personally overseen by Will and Russell, who staff it with the attorneys, associates, and staff it calls for based on its size and complexity, so you receive consistent attention whether your matter is a straightforward wind up or a contested court proceeding. We also offer alternatives to the standard billable hour for qualifying matters.
Nobody plans to need a lawyer. When something goes wrong, what you need first is someone who will listen, tell you honestly where you stand, and take the next steps off your plate. That is how every case at RileyCate, LLC begins.
We represent individuals, families, and small businesses across Fishers, Indianapolis, and surrounding counties in personal injury and complex litigation, business and real estate disputes, criminal defense, and appeals.
Will Riley and Russell Cate personally oversee every matter, staffing each case to its size and complexity. Both are recognized as Super Lawyers and have argued before the Indiana Court of Appeals and Supreme Court. Will also holds an AV Preeminent rating from Martindale-Hubbell and a Top 100 Trial Lawyer designation.
We are trial-tested, not just settlement-focused. We have tried hundreds of cases, because insurance companies, opposing businesses, and prosecutors negotiate differently with a firm willing to go the distance.
If you’re considering dissolving an LLC, or a fellow member is blocking a dissolution you believe is necessary, we can help you understand your options under Indiana law and your operating agreement. We offer a consultation to review your situation, your operating agreement, and the relationships between the members involved. Reach out to RileyCate today to speak with an LLC dissolution attorney about your matter.
