A(n)________ refers to a document that evidences a member's ownership interest in an LLC.

Question

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A certificate of interest is a document that represents and evidences an individual member's ownership interest in the limited liability company (LLC). It usually includes information such as the member's name, the percentage of ownership, and any restrictions on transferability of the ownership interest. The distributional interest refers to the right to receive distributions of the company's profits and losses, while an operating agreement is a contract that outlines the rules and regulations by which the LLC will operate. An agreement of conversion refers to a document that outlines the process of converting one type of business entity to another.

A(n)________ Refers to a Document That Evidences a Member's Ownership