The organizers of an LLC, who sign the certificate of organization, are required to be residents of the state in which the LLC is being formed.
Correct Answer:
Verified
Q21: Some states recognize LLCs but do not
Q22: The operating agreement of the LLC often
Q25: LLCs are pass-through entities for tax purposes;
Q27: LLPs may be capitalized through debt from
Q27: In an LLC, the members may act
Q28: Jones LLC and Smith LLC both have
Q33: All states require that LLPs have a
Q37: The Uniform Limited Liability Company Act preempts
Q38: About half of the states provide the
Q40: An LLC can last until a specified
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents