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:

Autonomous Morality

The stage of development where individuals follow internal moral principles, rather than obeying external rules and authority.

Heteronomous Morality

A stage in moral development where children base their moral judgments on the dictates of authority figures.

Moral Realism

is the philosophical viewpoint that moral truths exist independently of human knowledge or perception, and that these truths are objective.

Moral Development

The process through which individuals develop the ability to differentiate right from wrong and to adopt ethical behavior.