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| − | ==Limited Liability Companies (LLC)==
| + | #REDIRECT [[Entities in Pennsylvania]] |
| − | Unless the Operating Agreement provides otherwise, an LLC will dissolve 180 days after it ceases to have any Members, unless transferees owning the rights to receive a majority of distributions as transferees give consent to admit at least one Member.<ref>15 Pa.C.S. § 8871(a)(3). An individual is dissociated as a Member upon death, or under other listed circumstances. 15 Pa.C.S. § 8861.</ref> A dissolved LLC continues after dissolution only for the purpose of winding up, and may, but is not required to, file a certificate of dissolution.<ref>15 Pa.C.S. § 8872(a), (b).</ref> An LLC in the process of winding up may transfer the company's property.<ref>15 Pa.C.S. § 8872(b)(2)(iv).</ref> If the dissolved LLC has no members, the personal representative, guardian, or other person authorized to act on behalf of the last person to have been a member may wind up the LLC.<ref>15 Pa.C.S. § 8872(c).</ref>
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