The Articles of Organization Filed for a LLC Must Include

question 201

Multiple Choice

The articles of organization filed for a LLC must include:

• A) whether it will be managed by its members or by a manager
• B) the classes of stock to be issued
• C) the names and addresses of members
• D) whether it will be managed by its members or by a manager and the names and addresses of members
• E) whether it will be managed by its members or by a manager, the classes of stock to be issued, and the names and addresses of members

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Definitions:

Exercising Option

The act of implementing the right to buy or sell an underlying asset at a predetermined price before the option expires.

Option Contract

A financial derivative contract that gives the buyer the right, but not the obligation, to buy or sell an asset at a specified price within a specified time frame.

Underlying Asset

The financial asset upon which a derivative's price is based, such as stocks, bonds, commodities, or currencies.

Conversion Price

The predetermined price at which convertible securities can be exchanged for another form, typically common stock.