A Managing Member of a Limited Liability Company Has Personal

question 20

True/False

A managing member of a limited liability company has personal liability for the debts and obligations of the limited liability company.

---

Definitions:

Downward Dyadic

A relationship dynamic where communication or influence flows from a higher level to a lower level within an organizational hierarchy.

Leader's Relationship

The dynamics and interactions between a leader and their followers or team members.

High-exchange Relationships

Collaborative partnerships or interactions characterized by mutual benefits, trust, and frequent exchanges of resources or information.

Obligations

Duties or commitments that one is bound to carry out or fulfill.