Which of the Following Is True About Operating Agreements for LLCs

question 64

Multiple Choice

Which of the following is true about operating agreements for LLCs?

• A) All LLCs must have them,but they need not be filed.
• B) They must be in writing in order to be enforceable.
• C) All LLCs must have one,and they must be filed with the articles of organization.
• D) Member-managed LLCs must have one,but they are not required for manager-managed LLCs.
• E) They are not required,but are recommended.

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Definitions:

Exports

Goods or services sent from one country to another for trade or sale.

Supply

The total amount of a specific good or service that is available to consumers.

Foreign-Currency Exchange

The trading of one currency for another, determining how much one country's currency is worth in another country's currency.

Real Interest Rate

The rate of interest an investor, saver, or lender receives (or expects to receive) after allowing for inflation.