Sam Muller and Toby Richardson Form an LLC in the State

question 35

Multiple Choice

Sam Muller and Toby Richardson form an LLC in the state of Delaware.In the articles of organization,they specify the duration of the LLC as 25 years from the date of filing the articles of organization.Which of the following is true in this context?

• A)The LLC is invalid as it does not specify a date of termination.
• B)The LLC may be dissolved at will any time after 25 years from the date of filing the articles of organization.
• C)Muller and Richardson have formed a term LLC.
• D)Muller and Richardson have formed an at-will LLC.