A Limited Liability Company Is Formed When

question 11

Multiple Choice

A limited liability company is formed when

• A) the articles of organization are signed.
• B) all members sign the certificate of organiza- tion.
• C) the articles of incorporation are filed with the secretary of state or other appropriate state authority.
• D) the articles of organization are filed with the secretary of state or other appropriate state authority.

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Definitions:

Act of Court

A formal decision, decree, or intervention carried out by a judicial entity or court of law.

Limited Partnership

A business structure where at least one partner is designated as a general partner with unlimited liability, and at least one other is a limited partner whose liability is restricted to their investment.

Proper Procedures

Established methods or protocols that are deemed appropriate and correct for carrying out specific tasks or activities.

Partnership Creation

The process and actions necessary to form a partnership, including the agreement between two or more parties to carry on a business for profit.