A low-profit limited liability company (L3C) is a for-profit company with a socially beneficial purpose as its primary objective.
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Q1: A limited partner who participates in the
Q16: If the written partnership agreement makes no
Q21: Members of an LLC share profits and
Q34: A person for purposes of membership in
Q36: Unanimous written consent of all partners is
Q40: Most statutes and the amended ULLCA make
Q41: Which of the following is NOT true
Q42: All statutes require LLPs:
A) to follow the
Q43: With regard to a limited partner's capital
Q44: Extinguishing a limited partnership involves:
A) winding up
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