An Operating Agreement Is a Document That States the Terms

question 48

True/False

An operating agreement is a document that states the terms for converting an existing business to an LLC.

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Definitions:

Type B Personalities

Refers to a personality type characterized by a relaxed, patient, and easy-going nature.

Relaxed

A state of being free from tension and anxiety.

Easygoing

A personality trait characterized by a relaxed, stress-free approach to life and an adaptable, non-confrontational attitude.

Human Immunodeficiency Virus

A virus that attacks the immune system, the body's natural defense against illness, leading to the disease AIDS if not treated.