Start-Up LLC Is a Limited Liability Company Without a Written

question 38

Multiple Choice

Start-Up LLC is a limited liability company without a written operating agreement. Among the members, a dispute arises concerning the division of profits. Under most LLC statutes, the profits will be

• A)distributed according to members' proportionate ownership in the firm.
• B)divided equally among the members.
• C)forfeited to the state.
• D)reinvested in the business until the dispute is resolved.

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Definitions:

Transportation

The action of transporting someone or something or the process of being transported.

Involuntarily Committed

The legal process through which individuals are placed into a psychiatric treatment facility without their consent, often due to their inability to make safe or reasonable decisions about their own care or because they pose a danger to themselves or others.

Right to Treatment

A legal and ethical principle asserting that individuals should have access to appropriate and necessary medical care.

Adequate Treatment

Medical or therapeutic interventions that satisfactorily meet the necessary standard of care for a condition.