StartUp Investors,LLC,is a limited liability company without a written operating agreement.Among the members,a dispute arises concerning the division of profits.Under most LLC statutes,the profits will be
A) distributed according to the members' proportionate shares of ownership in the firm.
B) divided equally among the members.
C) forfeited to the state.
D) reinvested in the business until the dispute is resolved.
Correct Answer:
Verified
Q23: Kalin,Liza,and other consumers form MuniMart Cooperative.This form
Q24: Arnie is a member of Bowling &
Q25: Custom Auto Body & Detailing,LLC,is a limited
Q26: Coco is considering forms of business organization
Q27: Dreem Land Corporation and EZ Investments Company
Q29: Qatar Global Investments is a foreign entity-a
Q30: Bee Hive Honey,LLC's members include Chad,Dolores,and others.For
Q31: Otto is considering forms of business organization
Q32: As the trustee of a business trust,Bertoldi
Q33: As the beneficiary of a business trust,Kevin's
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents