Several people have decided to go into business as an LLC.To cover all contingencies,they want to specify what constitutes an act of dissociation and outline the procedures upon dissolution.This information would be included in
A) the certificate of organization.
B) the operating agreement.
C) the Uniform Limited Liability Company Act.
D) common law-the members may not negotiate these rights.
Correct Answer:
Verified
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
Q53: The first LLP legislation was enacted in
A)
Q55: Voting rights of LLC principals are governed
Q56: Currently,LLPs are often used to protect family
Q57: Burt has gone to a commercial bank
Q58: Which of the following is not a
Q59: The ability to flow through to the
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