Examlex
Which of the following statements is true of a distribution channel?
LLC Members
Individuals or entities that own an interest in a limited liability company and have rights and responsibilities outlined in the LLC's operating agreement.
Limited Liability Company
A corporate framework that merges the direct tax benefits of partnerships or sole proprietorships with the protective limited liability features of a corporation.
Member-Managed
A management structure for an LLC where all members participate in the decision-making processes directly.
Limited Liability Company
is a business structure that combines the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation.
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