The Members, Managers, and Agents of a Limited Liability Company

question 18

True/False

The members, managers, and agents of a limited liability company are liable for its obligations by virtue of their status.

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Definitions:

Task-Oriented

A focus on performing tasks and achieving specific outcomes, often emphasizing productivity and efficiency.

Self-Management

Involves controlling one’s behavior, emotions, and thoughts in the pursuit of long-term goals.

Maintenance-Related

Pertaining to tasks, activities, or actions aimed at keeping things in a state of functioning or efficiency.

Maintenance-Related

Pertaining to activities, tasks, or strategies focused on preserving or restoring the condition of something.