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Which of the Following Is True Regarding Membership Sharing of Limited

Question 95

Multiple Choice

Which of the following is true regarding membership sharing of limited liability company profits and losses?


A) Unless otherwise agreed, members share LLC profits and losses equally.
B) Members share LLC profits and losses equally, and this distribution cannot be changed by agreement between LLC members.
C) Unless otherwise agreed, members share LLC profits and losses proportionally, depending on the date they become members of the LLC.
D) Members share LLC profits and losses proportionally, depending on the date they become members of the LLC, and this distribution cannot be changed by agreement between LLC members.
E) Unless otherwise agreed, members share LLC profits and losses proportionally, depending on the value of the capital contribution members made to the LLC.

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