Which of the Following Statements Is Correct About the Requirements

question 78

Multiple Choice

Which of the following statements is correct about the requirements to form a limited liability company?

• A)Articles of organization must be filed in the state in which members want to establish their LLC,but the LLC need not register in every additional state in which it will do business.
• B)Members must execute an operating agreement,and the LLC must register in every additional state in which it will do business.
• C)Members must execute an operating agreement,articles of organization must be filed in the state in which members want to establish their LLC,and the LLC must register in every additional state in which it will do business.
• D)Members must execute an operating agreement,and articles of organization must be filed in the state in which members want to establish their LLC.
• E)Articles of organization must be filed in the state in which members want to establish their LLC,and the LLC must register in every additional state in which it will do business.

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Definitions:

Treasury Bills

Short-term government securities with maturities ranging from a few days to 52 weeks, issued at a discount to face value.

Inflation

A measure of the rate at which the general level of prices for goods and services is rising, eroding purchasing power.

Efficient Capital Market

A market where all relevant information is fully and immediately reflected in securities prices, ensuring that securities are always fairly priced.

Security Prices

The market value or price at which securities, such as stocks or bonds, are bought and sold.