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Tax Accounting, LLC, Is a Member-Managed Limited Liability Company

Question 48

Multiple Choice

Tax Accounting, LLC, is a member-managed limited liability company. If the law in Tax Accounting's state is like the law in most states, unless the members have agreed otherwise, voting rights are apportioned according to


A) ​capital contributions.
B) ​participation in management.
C) ​the number of members.
D) ​members' seniority.

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