Usually the Members of a Limited Liability Company

question 238

Multiple Choice

Usually the members of a limited liability company:

• A) may transfer membership interests without the consent of the other members
• B) may not transfer membership interests without the consent of the other members
• C) may not know each other
• D) must know each other for at least a year before the formation of the company
• E) none of the other choices are correct

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Definitions:

Current Account

A component of a country's balance of payments that encompasses the trade balance, net primary income, and secondary income.

Net Investment Income

The income generated from investments after deducting all related expenses, such as interest payments, fees, and taxes.

Purchases of Real Assets

The acquisition of physical or tangible assets such as real estate, equipment, or commodities.

Financial Account

A component of the balance of payments that records transactions that cause a change in ownership of financial assets and liabilities between residents and non-residents.