Several People Have Decided to Go into Business as an LLC.To

question 22

Multiple Choice

Several people have decided to go into business as an LLC.To cover all contingencies,they want to specify what constitutes an act of dissociation and outline the procedures upon dissolution.This information would be included in

• A) the certificate of organization.
• B) the operating agreement.
• C) the Uniform Limited Liability Company Act.
• D) common law-the members may not negotiate these rights.

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Definitions:

Black Americans

Black Americans are citizens or residents of the United States with African ancestry, significantly contributing to the nation's culture, history, and socio-economic development.

Adamantly Opposed

Firmly resisting or rejecting a policy, idea, or practice without yielding or compromising.

Compromise

The process of making mutual concessions or reaching an agreement in which each party gives up something that was originally sought.

Frederick Douglass

An American social reformer, abolitionist, orator, writer, and statesman. After escaping from slavery in Maryland, he became a national leader of the abolitionist movement.