Amending the Articles of Organization Usually Requires the Approval of All

question 2

True/False

Amending the articles of organization usually requires the approval of all members of the limited liability company.

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Definitions:

Inventory

The total quantity of goods and materials a business holds for the purpose of resale or production.

Significant Influence

The capacity, through investment ownership, to impact the management and policies of another company without having full control.

Net Income

The consummate earnings of a company following the subtraction of all operational costs and tax liabilities from its gross revenue.

Dividends

Payments made by a corporation to its shareholders, usually from profits.