In Many States,an Operating Agreement Is Not Required for a Limited

question 9

True/False

In many states,an operating agreement is not required for a limited liability company to exist.

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Definitions:

Quantitative

Pertaining to or expressing data that can be quantified or measured, often dealing with numbers and counts.

Categorical

Pertaining to categories; often used to describe variables that represent data which can be divided into distinct groups, lacking a natural order.

Identify Cases

The process of pinpointing and examining specific instances within a dataset or research study that are relevant to the investigation.

Variable

An element, feature, or factor that is liable to vary or change.