Several people have decided to go into business as an LLC. To cover all contingencies, they want to specify what constitutes an act of dissociation and outline the procedures upon dissolution. This information would be included in?

Question

23-12-2019
Social Studies

contestada

Several people have decided to go into business as an LLC. To cover all contingencies, they want to specify what constitutes an act of dissociation and outline the procedures upon dissolution. This information would be included in?

Respuesta :

Otras preguntas

Based on the time and temperature data collected for the reaction of kmno4 with either malonic acid or oxalic acid, one can conclude that generally as the tempe

The accompanying data represent the wait time (in minutes) for a random sample of forty visitors to an amusement park ride. Complete parts (a) and (b).

what is slavery system?

Inselbergs are ________. a. bedrock hills in a highly eroded desert landscape. b. blowouts cut from bedrock in mountainous areas. c. lithified rock formed by c

Which amendment prohibited states from depriving any male citizen from equal protection under the law? 18th Amendment 1st Amendment 14th Amendment 10th Amendmen

What information is provided by the modern periodic table, which is based on the one that Mendeleev developed? Choose the two statements that apply. A. It lists

The excerpt is an example of inductive reasoning because the authors work from a generalization to formulate specific examples. Arrive at a generalization after

What is the solution to the equation 1/4x + 2 = - 5/8x - 5?

Identify the slope and y-intercept of the line y=−3x+7?

How many dimes are in the jar of Dimes worth $2.70

keziasynergy keziasynergy · Answer 1 · 2019-12-31T11:44:24+01:00

Full Question:

Several people have decided to go into business as an LLC. To cover all contingencies, they want to specify what constitutes an act of dissociation and outline the procedures upon dissolution. This information would be included in

A)common law—the members may not negotiate these rights.

B)the Uniform Limited Liability Company Act.

C)the certificate of organization.

D)the operating agreement.

Answer:

This information would be included in Operating Agreement.

Option D

Explanation:

The operating Agreement is a formally structured, established and agreed upon statement or agreement by a set of individuals, who enter into a lawful relationship. In business terminologies, it is a statement containing the guidelines, code of conduct and courses of action to be taken into consideration, during the life of a company.

With respect to the process of dissolution, the agreement will contain the entire course of action, each partner's individual share in capital and other necessary information.