Which of the following is true of a member-managed LLC?
A) Each member has equal rights in the management of the business of the LLC.
B) The member with the highest capital contribution becomes the de facto manager of the LLC.
C) Any matter relating to the business of the LLC is decided by the member managing the LLC.
D) Any matter relating to the business of the LLC is decided by the member with the highest capital contribution.
Correct Answer:
Verified
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