The authority for the formation of LLCs comes from:

Question

Quizplus · Accepted Answer

The formation and regulation of LLCs is governed by state statutes in the United States. Each state has its own set of laws and regulations that dictate how LLCs can be formed and operated. Some states have adopted the Uniform Limited Liability Company Act (ULLCA), while others have developed their own LLC laws. Federal law does not govern the formation and operation of LLCs, although certain federal laws may apply to specific types of LLCs, such as those engaged in regulated industries like banking or telecommunications.

The Authority for the Formation of LLCs Comes From