Juan and Barbara form a limited liability company to conduct a particular business activity for profit.Which of the following is not true?
A) The articles of organization must be filed in a designated state office.
B) No particular form of organization is required.
C) The company name must include the words "limited liability company" or "limited company" or the abbreviation "LLC" or "LC."
D) The contribution of a member may be a promissory note.
Correct Answer:
Verified
Q41: Unless otherwise agreed,under RULPA,a limited partner is
Q42: A foreign limited liability company:
A) is governed
Q43: Which of the following need NOT be
Q45: While a limited partnership interest is transferable,the
Q48: A limited partner's financial obligation to the
Q49: A partnership interest:
A) is personal property that
Q51: Which of the following is untrue of
Q54: O'Houlihan and seven of his associates decide
Q63: Discuss the duty of general partners to
Q69: Which of the following is true of
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents