[R&R Landscaping, LLC] R&R Landscaping, LLC, is registered as a limited liability company in Illinois. R&R provides corporate landscape design and maintenance. During a large corporate project near Chicago, the driver of R&R's bulldozer lost control, went into oncoming traffic, and caused injuries to Viktor. Viktor wants to file a lawsuit and, after research, learns that R&R is owned by Rohan, an Illinois resident, and Roland, an Indiana resident, and that R&R filed articles of organization in Illinois and a certificate of authority in Indiana.
-Would Rohan and Roland likely be held liable for Viktor's injuries?
A) Like a partnership, LLC members can be personally liable for business debts.
B) LLC members are akin to limited partners, which can be liable for business debts.
C) Like a corporation, LLC members' liability is limited to his or her capital investment.
D) LLC members are similar to partners in an LLP, who can be personally liable for business debts
E) Like a joint venture, each LLC member is equally liable for business debts.
Correct Answer:
Verified
Q80: Elias and his rich friends want to
Q81: Describe the three different categories of franchises.
Q82: [R&R Landscaping, LLC] R&R Landscaping, LLC, is
Q83: [Language-Science Kits] The president of Kool Science,
Q84: Diego just finished a residence in internal
Q85: List the advantages and disadvantages of forming
Q87: Define a joint venture and set forth
Q88: [Language-Science Kits] The president of Kool Science,
Q89: What are the advantages and disadvantages of
Q90: [Language-Science Kits] The president of Kool Science,
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