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:

Interdependence

A relationship between two or more entities that rely on each other to their mutual benefit or detriment.

Low Self-Esteem

A condition characterized by a lack of confidence and feeling unworthy or incapable, often affecting an individual's behavior and mental health.

Gridlocked Conflict

A situation in which a conflict reaches a stalemate, with neither party willing to compromise or alter their position.

Bias

A preconceived opinion or preference for or against something or someone, which can influence judgment and behavior.