Which of the Following Is Not Required to Be Set

question 79

Multiple Choice

Which of the following is not required to be set forth in an LLC's articles of organization?

• A) the name and address of the LLC's agent for service of process
• B) the name and address of each organizer
• C) the process by which managers of the LLC are designated
• D) whether the LLC is a term LLC
• E) whether one or more of the members will be personally liable for the debts and obligations of the LLC

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Definitions:

Monthly Sales Volume

The total amount of a product or service sold by a company within the span of a month.

Fixed Cost

Costs that do not vary with the level of production or sales, such as rent, salaries, or insurance.

Monthly Sales Volume

The total quantity of products or services sold by a company in a month.

Fixed Manufacturing Cost

Costs that do not vary with the level of production or sales, such as rent for factory premises, salaries of permanent staff, and depreciation of factory equipment.