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Asked by Casey Snyder on May 05, 2024

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In some states, to form a limited liability company, a business must have

A) a registered promoter.
B) a designated founder.
C) at least two members.
D) a non-member manager.

Limited Liability Company

A flexible form of business that combines elements of partnership and corporate structures, providing limited liability protection to its owners.

Members Requirement

Regulations or conditions that must be met for an individual to become or remain a member of a group or organization.

Non-Member Manager

A manager in a limited liability company (LLC) who is not an owner or member of the LLC.

  • Gain insights into the mechanisms underpinning the creation of Limited Liability Companies, with emphasis on statutory obligations and the effects of operating agreements.
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RP
Romario PhippsMay 11, 2024
Final Answer :
C
Explanation :
In some states, forming a limited liability company (LLC) requires at least two members. This requirement varies by jurisdiction, with some allowing single-member LLCs and others requiring a minimum of two. The other options listed are not standard requirements for forming an LLC.

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