Typically,day-to-day decision making in a manager-managed LLC is performed by
A) the individual principal who filed the initial paperwork to form the business.
B) its board of directors.
C) the top 10 percent of the principal investors.
D) its managing members.
Correct Answer:
Verified
Q42: Formation of an LLC requires the filing
Q43: Though they may elect a different structure,for
Q44: Personal financial contributions may be required by
Q45: Carlos is a member of an LLC
Q46: In 1997,the IRS made LLCs
A) more attractive
Q48: An LLC offers principals the same liability
Q49: LLPs are formed with the filing of
Q50: The origins of LLPs were rooted in
Q51: LLPs were created to
A) limit the taxation
Q52: The ability to distribute earnings without incurring
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