1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Kay [80]
2 years ago
14

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]2 years 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.

Learn more about operating agreement here:

brainly.com/question/12958233

#SPJ4

You might be interested in
Fast-food restaurants like McDonald's are replacing cashiers with touch-screen ordering kiosks. Currently the MPL for an additio
docker41 [41]

Answer:

a. Whataburger is not using the optimal cost-minimizaing mix of cashier and kiosks.

b. Whataburger should hire more cashier and rent fewer kiosks in order to improve its mix of inputs and minimize the cost

Explanation:

a. According to the given data we have the following:

Let "C" is a cashier.

"K" is a kiosk

MPC = 48 (Marginal Product of Cashier)

MPK = 32 (Marginal Product of Kiosk)

PC = $15 (cashier can be hired for a wage of $15)

PK = $12 (Kiosk rents for $12)

At optimal cost minimization point, (MPC / MPK) = (PC / PK)

(MPC / PC) = (MPK / PK)

(MPC / PC) = (48 / 15) = 3.2

(MPK / PK) = (32 / 12) = 2.67

Since the (MPC / PC) and (MPK / PK) is not equal. It implies Whataburger is not using the optimal cost-minimizaing mix of cashier and kiosks.

b. We have to use the following:

(MPC / PC) > (MPK / PK)

i.e., 3.2 > 2.67

It means Whataburger hire more cashier and rent fewer kiosks in order to improve its mix of inputs and minimize the cost.

4 0
3 years ago
The phases of project management are: A. planning, scheduling, and controlling. B. planning, programming, and budgeting. C. plan
o-na [289]

Answer:

A. planning, scheduling, and controlling.

Explanation:

The phases of project management are -

1. Initiation

2. Planning

3. Execution - Scheduling

4. Control

5. Close

Option A is correct because the answer includes the 2nd, 3rd, and fourth phases of project management.

Option B is wrong because programming is not a phase of project management. Option C is a combination of management functions. Therefore, it is incorrect. Option D is not correct as the service project is not different from the manufacturing project. Option E is the project management technique.

4 0
4 years ago
You are in talks to settle a potential lawsuit. The defendant has offered to make annual payments of $28,000, $32,000, $66,000,
larisa86 [58]

Answer:

$202,137.90  

Explanation:

Year Annual payment Discount factor  Present value  

1 $28,000          0.965250965 $27,027.03  

2 $32,000          0.931709426         $29,814.70  

3 $66,000          0.899333423         $59,356.01  

4 $99,000          0.868082454 $85,940.16

Total present value                                         $202,137.90  

The discount factor should be computed by  

= 1 ÷ (1 + interest rate)^years  

where,  

rate is 3.6%  

Year = 0,1,2,3,4 and so on  

6 0
3 years ago
After a nonparty to the lawsuit allegedly told defendant that plaintiff was gay or bisexual, defendant relayed that information
Leto [7]

Answer:

Answer explained

Explanation:

The case is about the defamation claimed by plaintiff on the defendant on the basis of race remark of g a y or bisexual by third party information. This ultimately broken the relationship of two person.

I think that court should ultimately found that the accusations of homosexuality or bisexuality amounted to defamation per se because of the following reason:

  1. The Race Remark on the plaintiff by the defendant.
  2. It is a slander per se.
  3. This remark impute to the commission of the crime of sodomy.
  4. It is implying Unchastity that means Exposing Plaintiff to Public Hatred. This spoils the life of the plaintiff.
4 0
3 years ago
What has the greatest potential to demotivate you and lead you to unproductive activities
Anastaziya [24]
The product of drugs and alchohol has the tendenancy to demotivate you and lead to unproductive activities.
3 0
3 years ago
Other questions:
  • When driving in the city, _____ may help you avoid traffic, but they may not be as safe or they may increase your travel time be
    9·2 answers
  • Have you signed an agreement with a current/previous employer containing a provision relating to confidentiality of information,
    8·1 answer
  • A goal taking which of these lengths of time to achieve is most likely to be a<br>long-term goal?​
    12·1 answer
  • Equity securities in which the investor owns less than​ 20% ownership in the voting stock of the investee generally can be class
    15·1 answer
  • Chase and Hutch are partners and share equally in income or loss. Chase's current capital balance is $ 75,000 and Hutch's is $12
    15·1 answer
  • On December 1, Flint Electronics has three DVD players left in stock. All are identical, all are priced to sell at $77. One of t
    8·1 answer
  • Assume that Cane expects to produce and sell 88,000 Alphas during the current year. One of Cane's sales representatives has foun
    15·1 answer
  • Kelley Co. has $2,000,000 of 8% convertible bonds outstanding. Each $1,000 bond is convertible into 30 shares of $30 par value c
    7·1 answer
  • Consider the following information for Maynor Company, which uses a periodic inventory system: Transaction Units Unit Cost Total
    6·1 answer
  • Which country uses a franc as its basic monetary unit?
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!