Which of the following best defines the term distributional interest?
A) the ratio in which profit is distributed among members of an LLC
B) the process of distributing profits or losses according to the capital investment of the member
C) the constitution of management of the LLC based on the extent of each member's financial investment
D) a member's ownership interest in an LLC that entitles the member to receive distributions of money and property from the LLC
Correct Answer:
Verified
Q2: Which of the following is true of
Q3: A(n)_ refers to an agreement among members
Q5: Which of the following is true of
Q16: An LLC that was organized in Alabama
Q19: An LLC is a _ in the
Q32: Which of the following is true of
Q36: An LLC is a(n)_.
A)unincorporated business entity
B)incorporated business
Q51: Which of the following is true of
Q52: In which of the following cases does
Q60: Philip and Deborah form an LLC.Philip contributes
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