What Document Must an LLC File with the State to Organize

question 2

Multiple Choice

What document must an LLC file with the state to organize its business?

• A)Articles of incorporation.
• B)Certificate of LLC.
• C)Articles or a certificate of organization.
• D)Partnership agreement.
• E)None of the choices are correct.An LLC does not have to file with the state to organize its business.

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Definitions:

Monetary Obligation

A monetary obligation is a legal requirement to pay a certain amount of money, often arising from contracts, loans, or fines.

Specific Goods

Items distinctly identified at the time a contract of sale is made, distinguishing them from other goods.

Perfection by Filing

A process in which a secured party files a financing statement with a public office, establishing the priority of their security interest over the claims of third parties regarding the same collateral.

Security Interest

A legal claim or right on assets granted to a creditor or a lender, to secure the repayment of a debt.