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1 year ago

an operating agreement is required for a limited liability company to exist, and it must be in writing. true false

Business

1 answer:

puteri [66]1 year ago

3 0

An operating agreement is required for a limited liability company to exist, but it need not be in writing.

A limited liability company's (LLC) operating agreement is a crucial document that outlines the company's financial and operational decisions, as well as its rules, laws, and requirements. The document's goal is to regulate the company's internal operations in a way that meets the unique requirements of the owners, referred to as "members," of the company. The limited liability company's members are legally obligated to abide by the conditions of the instrument once they have signed it. Only three states—California, Missouri, and New York—have laws requiring an operating agreement. The state's default norms, established by state court decisions and found in the applicable statute, apply to LLCs operating without an operating agreement.

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3 years ago

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The correct option is Dana might be indifferent between C, A, and B.

Explanation:

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The answer can be explained using an indifference curve.

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