Start-Up LLC Is a Limited Liability Company Without a Written

question 38

Multiple Choice

Start-Up 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 members' proportionate 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.

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Definitions:

Polar Nuclei

Cells found within the ovule of flowering plants that fuse with one sperm cell to form the endosperm, providing nutrition to the developing embryo.

Angiosperm

Flowering land plant; the seeds are borne within a fruit.

Pollination

The transfer of pollen from the male parts of a flower to the female parts, leading to fertilization and seed production.

Pollen Tube

In seed plants, a tube that forms when a pollen grain lands on the stigma and germinates. The tube grows, passing between the cells of the stigma and the style to reach the egg inside an ovule, where fertilization occurs.