The ____ of a limited liability company establishes the company's method of management, allocation of profits and losses among members, restrictions on the transfer of membership interests, and the process to be followed in dissolving the company.

Question

Quizplus · Accepted Answer

The correct term for the document that outlines the management structure, profit allocation, transfer restrictions, and dissolution process of a limited liability company is the "operating agreement," which is not listed among the provided choices.

The ____ of a Limited Liability Company Establishes the Company's