Managers of an LLC Have the Same Fiduciary Duties to the Entity

question 42

True/False

Managers of an LLC have the same fiduciary duties to the entity as corporate officers have to a corporation.

---

Definitions:

Philosophies

Fundamental beliefs or theories that guide actions and decisions, often applying to disciplines like ethics, education, politics, and personal development.

Practices

Refers to established methods or procedures that are followed consistently in a professional or business context to achieve desired outcomes or maintain standards.

Online Customer Service

Online Customer Service is a support provided to customers through digital platforms such as email, chat, social media, and websites, allowing for immediate or timely responses to queries and issues.

Mimicry

The action or art of imitating someone or something, often used as a learning method or survival mechanism.