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An LLC limits each investor's liability to the amount of their respective investments, by operation of law. There is no wording necessary to divide liability, because a third party dealing with the LLC is not bound by your agreement.
In sum, if you put $550,000 into the business, then that's the max that anyone could sue the business for, and no member is liable for anything other than that which is assigned to the LLC.
Hope this helps.
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