Voting Rights of LLC Principals Are Governed by

question 23

Multiple Choice

Voting rights of LLC principals are governed by

• A) the laws of the state in which the LLC is filed.
• B) the Uniform Limited Liability Company Act.
• C) IRS regulations.
• D) the operating agreement.

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Definitions:

Regression Toward The Mean

The statistical phenomenon that extreme values in a data set are likely to be followed by more central, less extreme values.

Trait Scoring

A method used in psychology to quantify individual characteristics or traits, often through questionnaires or assessments.

Law Of Averages

A principle that suggests events with equal probability of occurring will tend to even out over time, but often misinterpreted as a belief that a particular outcome is due.

Homelessness

The condition of lacking stable, safe, and adequate housing to live in.