If a Member or Manager of an LLC Is Found

question 28

True/False

If a member or manager of an LLC is found to be a tortfeasor, he or she is not personally liable for the injury or death.

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Definitions:

Resource Allocation

The process of distributing available resources among various projects, tasks, or stakeholders in an efficient manner.

Equality

it is the state of being equal, especially in status, rights, and opportunities.

Equity

The quality of being fair and impartial; in a workplace context, it refers to fair treatment, access, opportunity, and advancement for all people.

Unselfish Members

Individuals within a group or organization who prioritize the needs and goals of the group over their personal gain.