Which of the Following Is True of a Member-Managed LLC

question 51

Multiple Choice

Which of the following is true of a member-managed LLC?

• A) Each member has equal rights in the management of the business of the LLC.
• B) The member with the highest capital contribution becomes the de facto manager of the LLC.
• C) Any matter relating to the business of the LLC is decided by a unanimous vote of the members.
• D) Shareholders are not allowed to decide matters relating to the business of the LLC.

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