Profits and Losses from an LLC Do Not Have to Be

question 79

True/False

Profits and losses from an LLC do not have to be distributed in the same proportion.

---

Definitions:

Empirical Evidence

Information that is acquired by observation or experimentation, serving as a basis for knowledge or validation.

Wage Differences

Variations in compensation received by individuals for their labor, often influenced by factors such as skill level, experience, education, and geographic location.

Ability

Ability refers to the capacity or competence to perform a task or job effectively.

Effort

The amount of physical or mental energy put into a task or activity.