At the conclusion of a term LLC's term,a majority vote by the members to continue operating will result in the creation of a new term LLC.
Correct Answer:
Verified
Q19: Losses from an LLC have to be
Q20: Members may draft an agreement whereby the
Q21: If a member disassociates him or herself
Q22: An LLC may only be member-managed.
Q23: A party may usurp an LLC's business
Q25: Where a disassociating member of an LLC
Q26: Where a member's disassociation from an LLC
Q27: A member has the power to withdraw
Q28: A non-manager member of an LLC is
Q29: The authority for the formation of LLCs
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