In a ________ LLC, each member has equal rights in the management of the business of the LLC, regardless of the size of his or her capital contribution.
A) manager-managed
B) manager-membered
C) member-membered
D) member-managed
Correct Answer:
Verified
Q3: An operating agreement can be oral.
Q4: Jasmin, Shou-Yi, and Vanessa form an LLC,
Q5: John, Nathan, and Julio form JNJ, LLC,
Q6: Briefly discuss the liability of an LLC,
Q7: Mary, Harold, Harvey, and William form an
Q9: A nonmanager member of a _ LLC
Q10: A company operating its business as a(n)
Q11: A provision in an LLC's operating agreement
Q12: Outline the steps necessary for a partnership
Q13: Fred Adzum, CPA and Bill Subtraxem, CPA
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