Which of the Following Is True for the Dissolution of an LLC

question 50

Multiple Choice

Which of the following is true for the dissolution of an 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)The LLC must be set up so that it can be easily dissolved.
• D)The act of dissolution terminates the LLC's business.

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Definitions:

Developing Countries

Nations with a lower level of economic development, characterized by lower income, less industrialization, and often rapid population growth.

Infant Mortality

The death of children under the age of one year, measured by the infant mortality rate, which is the number of such deaths per 1,000 live births.

Demographic Data

Statistical data pertaining to the characteristics of a population, including age, race, gender, income, migration patterns, and population size.