Asked by Gilberto Camacho on May 25, 2024
Verified
Data Analytics LLC is a limited liability company. Unless the firm's articles of organization specify otherwise, it will most likely be assumed that the firm is
A) member-managed.
B) manager-managed.
C) an aggregate of member and non-member managers.
D) run by an outside professional management group.
Articles of Organization
A document filed with a state governmental entity to legally establish a limited liability company (LLC).
Member-Managed
Describes a management structure in a limited liability company (LLC) where all members (owners) actively participate in the day-to-day operations and decision-making process.
Manager-Managed
A structure typically used in limited liability companies (LLCs) where the management is officially assigned to one or more managers rather than being directed by all members.
- Familiarize oneself with the sequence of actions crucial for initiating Limited Liability Companies, taking into account statutory prerequisites and the significance of operating agreements.
Verified Answer
Learning Objectives
- Familiarize oneself with the sequence of actions crucial for initiating Limited Liability Companies, taking into account statutory prerequisites and the significance of operating agreements.
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