llcsale

No your correct, but that is something we are going to have to work out during the process. Current assets are a known quantity right now.

liquidity of my co-founder is an interesting issue. We've discussed dissolving the LLC all-together and porting over our TMs and other intellectual property to a new wholly owned entity. This way we could both divvy up the current LLC's assets in a way that is acceptable to everyone.

Ex: They would maintain possession of a majority of the hardware for example I would get more cash based on the depreciated value of those hardware assets.