Typically,day to day decision making in an 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% principal investors.
D) its managing members
Correct Answer:
Verified
Q42: LLPs are often currently used to protect
Q43: Voting rights of LLC principals are governed
Q45: Formation of an LLC requires the filing
Q46: Franchisors are regulated by the:
A) National Labor
Q49: Several people have decided to go into
Q50: The origins of LLPs were rooted in
Q50: Franchisors must provide written disclosures about the
Q51: Federal regulations regarding franchises are primarily designed
Q52: LLCs share characteristics in common with each
Q52: An LLC:
A) offers principals the same liability
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