Future members of a limited liability company (LLC) may enter into contracts on the entity's behalf before the LLC is formed.

Name: Future members of a limited liability company (LLC) may enter into contracts on the entity's behalf before the LLC is formed.
Brand: Quizplus
Rating: 4.9 (54 reviews)

Question

Quizplus · Accepted Answer

This is true, as long as the LLC is properly formed and the contracts are ratified by the members once the entity is officially established. The contracts must also be within the scope of the LLC's intended business activities.

Future Members of a Limited Liability Company (LLC) May Enter