What type of agreement do owners of a limited liability company usually create when establishing their organization?
A)Shareholders Agreement
B)Partnership Agreement
C)Operating Agreement
D)Oral Agreement
E)Member Contract

Question

Quizplus · Accepted Answer

A)When members form an LLC,they typically draft an operating agreement,which
is the foundational contract among the entity's owners.
B)When members form an LLC,they typically draft an operating agreement,which is the foundational contract among the entity's owners.
C)When members form an LLC,they typically draft an operating agreement,which is the foundational contract among the entity's owners.
D)When members form an LLC,they typically draft an operating agreement,which is the foundational contract among the entity's owners.
E)When members form an LLC,they typically draft an operating agreement,which is the foundational contract among the entity's owners.

What Type of Agreement Do Owners of a Limited Liability