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:

Long-Range Plans

Formulating strategies and goals for an extended time frame to guide an organization towards its vision.

Future

Pertains to the time or period that is to come after the present.

Strategic Plans

Long-term roadmaps designed by organizations to align their resources and actions with mission, vision, and strategic goals.

Organizational Pyramid

A hierarchical structure within an organization that illustrates the arrangement of its management and employees.