The LLC is a good vehicle to raise significant money from a public offering of its membership.

Name: The LLC is a good vehicle to raise significant money from a public offering of its membership.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

An LLC cannot have a public offering of its membership because it is not a publicly-traded entity. It is a private entity and the membership interests are not registered with the Securities and Exchange Commission. Therefore, it cannot raise significant money from a public offering of its membership.

The LLC Is a Good Vehicle to Raise Significant Money