Arthur,Betty,Charlie,Diane and Edward created a limited liability company.Arthur contributed $40,000,and each of the others contributed $10,000 to the capital.The group must vote on making a business decision.Arthur and Betty vote to take the action,while the others vote against it.Who wins?

Question

Quizplus · Accepted Answer

In a limited liability company, decisions are usually made based on the majority vote. In this case, Charlie, Diane and Edward constitute a majority with three votes against two. The amount contributed by each member does not determine the outcome of the vote. Therefore, choice A and B are incorrect. Unanimous voting is not required in a limited liability company, so choice D is also incorrect.

Arthur,Betty,Charlie,Diane and Edward Created a Limited Liability Company