Question

Tuller wants to start a commercial trucking business and also wants to form his own limited liability company (LLC). Tuller, as the only member of the LLC, will make all relevant decisions, contribute all of the investment, and be responsible for all of the risks and rewards. Tuller's proposed LLC will be accepted by:______.a. a majority of states. b. a few states. c. all states, as no state requires at least two members to create an LLC. d. no state, as at least two members are uniformly required to create an LLC.

Answer 1

Answer: a. A majority of states

Explanation:

Limited liabily company is a private company whose owners are responsible for it's debt in correspondence to the capital they've invested into it. Limited liabily are registered as organization, most cases the stucture is dependent on investment and capital. Tiller proposal would be accepted by majority of the states as they see his firm as a responsible one in handling it's duties even though it's only Tiller that performs most of the operations.