Which of the Following Is True of the Dissolution of a Limited

question 4

Multiple Choice

Which of the following is true of the dissolution of a limited liability company (LLC) ?

• A) The remaining members cannot avoid liquidation even by unanimously agreeing to continue the business operations.
• B) Dissolution can only be caused by bankruptcy.
• C) An LLC must be set up so that it can be easily dissolved.
• D) The act of dissolution terminates an LLC's business.

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Definitions:

Non-salary Expenses

Costs incurred by a business or individual that are not related to direct wages or salaries, such as utilities, rent, or equipment.

Health Insurance

Health insurance is a form of insurance coverage that pays for medical and surgical expenses incurred by the insured, providing financial protection against high healthcare costs.

Sensibly Persistent

Exhibiting persistence in a manner that is reasonable and pragmatic, balancing determination with rational judgment.