Which of the following best defines the term distributional interest?
A) the ratio in which profit is distributed among members of an LLC (limited liability company)
B) the process of distributing profits or losses according to the capital investment of the member with the interest
C) the constitution of management of an LLC based on the extent of each member's financial investment
D) a member's ownership interest in an LLC that entitles the member to receive distributions of money and property from the LLC
Correct Answer:
Verified
Q20: A limited liability company is an incorporated
Q21: John, Nathan, and Julio form JNJ, LLC
Q22: A(n) _ refers to a document that
Q23: In which of the following cases does
Q24: A(n) _ refers to a document that
Q26: A Limited liability company (LLC) can be
Q27: The certificate of interest acts the same
Q28: A(n) _ refers to an agreement entered
Q29: Sam Muller and Toby Richardson organize an
Q30: Peter, Preston, and Penny organize an LLC
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