Which of the Following Actions Requires Voting by All Members

question 31

Multiple Choice

Which of the following actions requires voting by all members in a manager-managed LLC (limited liability company) ?

• A)issuing a certificate of interest
• B)admitting new members
• C)converting an existing business into an LLC
• D)expanding operations in another country

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Definitions:

Planning Steps

The sequential actions or stages involved in devising a plan, including goal setting, strategy formulation, and action planning.

Planning Process

A systematic approach to defining goals, developing strategies, and outlining tasks and schedules to accomplish the objectives.

Enhance Results

To improve or increase the quality, value, or extent of outcomes.

Setting Goals

The process of identifying specific, measurable, achievable, relevant, and time-bound objectives that guide individuals or organizations.