Several people have decided to go into business as an LLC.To cover all contingencies,specifying what will constitute an act of dissociation and specifying the procedures upon dissolution would be included in the:
A) certificate of organization.
B) operating agreement.
C) Uniform Limited Liability Company Act.
D) common law because the members may not negotiate these rights
Correct Answer:
Verified
Q45: Formation of an LLC requires the filing
Q46: Franchisors are regulated by the:
A) National Labor
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Q50: The origins of LLPs were rooted in
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A) offers principals the same liability
Q53: Carlos is a member of an LLC
Q54: In 1997,the IRS:
A) made LLCs more attractive
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