Marc and Sonia Were the Only Members of the MS

question 40

Multiple Choice

Marc and Sonia were the only members of the MS Limited Liability Company.Marc then sold all his rights in the LLC to Gertrude.As a result:

• A)Gertrude becomes a member of the LLC.
• B)Gertrude gains the right to receive Marc's share of distributions.
• C)Marc ceases to be a member of the LLC.
• D)the LLC becomes a sole proprietorship of Sonia.

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