LLC's have legal uncertainty because
A) they are relatively new forms of business
B) There is not a widely developed body of law to look to for legal guidance in setting them up and enforcing them.
C) There is no defined duty of managers to members of the LLC.
D) all of the above
Correct Answer:
Verified
Q5: Jackie and Robert own an apartment building
Q21: An S Corporation cannot have more than
Q22: The advantage of a corporation over a
Q29: Harold and Zack have pooled their money
Q31: Which of the following transactions would be
Q36: Martin,Leah,and Pablo are considering forming a business.What
Q36: Under the Uniform Limited Partnership Act a
Q37: Daniel,his parents,and three brothers own all the
Q39: Charles and Ellen,an unmarried couple,run an ice
Q40: The form of business ownership that is
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents