The operating agreement must determine if the LLC is a member-managed LLC or manager-managed LLC so that

Fantastic news! We've Found the answer you've been seeking!

Question:

The operating agreement must determine if the LLC is a member-managed LLC or manager-managed LLC so that third parties can Determine who has the authority to make day to day decisions that bind the Determine who has unlimited liability Determine what the tax consequences each member will face at the end of the fiscal year Determine the financial stability of the LLC

Posted Date: May 18, 2024 01:01 PM

See More Questions

The lower-of-cost-or-net realizable value rule for inventory is an example of the application of: (a) the conservatism convention. (b) the historical cost principle. (c) the materiality concept. (d)...
For fiscal year 2004, Nike reported after-tax core profit margins on.84 percent on an asset turnover of 2.759. An analyst forecasts that this margin and turnover will persist in the future on a sales...
Explain how one can exhaust administrative remedies. How does it affect the right to bring a lawsuit?
Presented below are the condensed financial statements of Global Enterprises, Inc. The companys inventory is valued using LIFO. The companys footnotes reveal that the LIFO reserve was as follows....
Merline Manufacturing makes its product for $75 per unit and sells it for $150 per unit. The sales staff receives a 10% commission on the sale of each unit. Its December income statement follows....
Knowledge is a Terrible Thing to Waste This week is all about knowledge - from the information we turn into insights by applying new information, views, opinions, and interpretations, to the...
You will then need to take her income minus cost of living ($24,000.00) minus federal tax (which you will figure from above) minus state tax ($1600.00) minus FICA tax ($3366.00)=?
What is the standard sales revenue? Opening Inventory 3.2 bottles Issues 7.5 bottles Ending Inventory 1.8 bottles Bottle size 1500 ml Drink size 1.9 ounces Drink price $5.90 Total drinks sold 230...
how fix this error import java.util.*; import java.lang.*; import java.io.*; import java.lang.Math; publicclass Main { publicstaticint leftrightString(String S) { //this is default OUT int result =0;...
The answer given previously related to the Minimum Variance Portfolio. Please note this question is about the Optimal Risky Portfolio: You are a fund manager in ABC asset management and you wish to...
A 30-year interest rate swap with a notional principal of $10,000,000 requires quarterly payments in arrears, based on 90-day LIBOR. The swap was entered into on April 1, 2015. If the fixed rate in...
1. What type of securities offerings do not need to be registered with the SEC? 2. List the three types of bank participants in an underwriting syndicate and their core responsibilities, in order of...
You have just taken the position of controller for Solo, Inc., a large transportation company. The CFO has questions for you concerning an investment in equity securities of Bacca Company. Solo used...
KD Insurance Company specializes in term life insurance contracts. Cash collection experience shows that 20 percent of billed premiums are collected in the month before they are due, 60 percent are...
A distillation column operating at total reflux is separating acetone and ethanol at $1.0 \mathrm{~atm}$. The height of packing is $2.0 \mathrm{~m}$. The column has a partial reboiler and a total...
We wish to strip $\mathrm{SO}_{2}$ from water using pure air at $20.0^{\circ} \mathrm{C}$. Outlet water contains $0.0060 \mathrm{~mol} \% \mathrm{SO}_{2}$, and inlet water contains \(0.112...
If 1-in. metal Raschig rings are used instead of 2-in. rings in Example $16-2$ : Example 16-2 Example 4-3 Example 16-1 a. Recalculate the flooding velocity and the required diameter. b. Recalculate...

The operating agreement must determine if the LLC is a member-managed LLC or manager-managed LLC so that

Question:

Expert Answer:

Students also viewed these accounting questions