An operating agreement for an LLC can set out only the structure of the entity.
Correct Answer:
Verified
Q31: A corporation may be a principal of
Q32: LLC members are always required to complete
Q33: States may require that LLPs carry liability
Q34: Every state in the United States recognizes
Q35: Legal fees for LLCs and LLPs are
Q37: The Uniform Limited Liability Company Act preempts
Q38: About half of the states provide the
Q39: A personal guarantee is a pledge from
Q40: An LLC can last until a specified
Q41: LLCs were originally created by the
A) New
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