What Document Must LLCs File with the State to Organize

question 77

Multiple Choice

What document must LLCs file with the state to organize their business?

• A) Articles of incorporation.
• B) Certificate of LLC.
• C) Articles of organization.
• D) Partnership agreement.
• E) None of the choices are correct. LLCs do not have to file with the state to organize their business.

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Definitions:

Net Income

The amount of profit left over after all expenses, taxes, and costs have been subtracted from total revenue.

Sales

The total revenue a company generates from selling goods or services before any expenses are subtracted.

Profit Margin

A measure of profitability calculated as net income divided by revenue, expressed as a percentage, indicating the portion of each dollar of revenue that results in net income.