A manager does not owe a duty of loyalty to the LLC as he or she is not a member of the LLC.
Correct Answer:
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Q34: The owner of an LLC is called
Q36: An LLC is a(n)_.
A)unincorporated business entity
B)incorporated business
Q37: Managers of LLCs are not personally liable
Q38: Members of LLCs are not personally liable
Q41: Sam Muller and Toby Richardson organize an
Q42: Which of the following is true of
Q43: _ refer to the formal documents that
Q44: Which of the following is true of
Q69: The United States does not permit an
Q75: In a manager-managed LLC, it is necessary
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