LLC Statutes All Require the Articles of Organization

question 2

Multiple Choice

LLC statutes all require the articles of organization:

• A) to include whether the LLC will be managed by managers who may, but need not be, members.
• B) to be in writing and filed with the state.
• C) to include in the name of the business the designation "limited liability company" or "LLC."
• D) to include the name of the firm and the address of the principal place of business or registered office.

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Definitions:

Discount Rate

In discounted cash flow analysis, this rate is crucial for the evaluation of the present value of cash flows anticipated in the future.

Monthly Payments

Regular payments made over a period of time, often used in the context of loans or financing agreements.

Payment In Full

The complete settlement of an obligation, such as paying off a loan or a bill, without any remaining balance.

Contractors

Individuals or organizations contracted to perform specific tasks or services for a defined period under agreed terms.