Which of the Following Is True of Compensation Offered by an LLC

question 76

Multiple Choice

Which of the following is true of compensation offered by an LLC?

• A) Managers of an LLC are entitled to compensation but not benefits.
• B) Members are not entitled to compensation for their services toward the LLC.
• C) Members are not indemnified for liabilities in the ordinary course of business.
• D) Nonmanager members are not entitled to remuneration for services toward the LLC.

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Definitions:

Tissue

Groups of cells with similar structures and functions that work together to perform specific activities in the body.

Keratinized

Keratinized refers to cells, especially those in the skin, nails, and hair, that become filled with keratin protein, providing a tough and protective property.

Stratified Squamous Epithelium

A type of epithelial tissue composed of multiple layers of flat cells, providing protection against abrasion.

Simple Cuboidal Epithelium

A type of single-layered epithelium consisting of cube-shaped cells, often found in glands and their ducts.