Which of the Following Is True About an LLC

question 69

Multiple Choice

Which of the following is true about an LLC?

• A) To obtain limited liability, owners must give up some of their rights to participate in management.
• B) The structure of management must adhere to statutory constraints.
• C) Owners are referred to as partners.
• D) Generally, each member may be allowed to participate in the management of the company
• E) Members are not equally involved in the management of the company.

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Definitions:

Guilt

A feeling of responsibility or remorse for some offense, crime, wrong, whether real or imagined.

Sibling Abuse

The physical, emotional, or sexual abuse of one sibling by another.

Reported Type

The category or specific kind of something that has been disclosed or documented, often referring to data or incidents.

Upsetting

Causing distress, disappointment, or discomfort; an emotional state or reaction to an unfavorable situation.