An LLC member has no individual liability on LLC contracts,unless he/she also signs LLC contracts in his/her personal capacity.
Correct Answer:
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Q11: Limited liability companies are formed under federal
Q12: A certificate of limited partnership must state
Q13: In the absence of a decision by
Q14: The death of a general partner causes
Q15: A member's most important right within an
Q17: In general,the ULPA does not grant partners
Q18: Each partner in a limited partnership owns
Q19: Except for the liability of limited partners,limited
Q20: Losses of the business allocated to a
Q21: After all the assets of an LLC
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