Which of the following is true of a member-managed LLC (limited liability company)?

Question

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In a member-managed LLC, each member has equal rights in the management of the business of the LLC. This means that all members have the authority to make decisions for the LLC and participate equally in the management of the business. Option B is incorrect as the highest capital contribution member does not necessarily become the manager. Option C is incorrect as all decisions may not require a unanimous vote, depending on what the operating agreement specifies. Option D is also incorrect as shareholders do not have a role in the management of an LLC, as they would in a corporation.

Which of the Following Is True of a Member-Managed LLC