Question: 1 , Multiple Choice 1 point Ten years ago, Ben formed Make It Right LLC with two of his friends,Luke and Jason. They were involved
Multiple Choice point
Ten years ago, Ben formed Make It Right LLC with two of his friends,Luke and Jason. They were involved in real estate, buying rundowr properties and repairing and then selling them for a higher price. Ben decides to get out of the business. Ben has not discussed this with the two other members of Make It Right LLC but has already negotiated the sale of both his economic interests and ownership rights to Makayla. Can Ben do this?
No members can transfer their economic interests without limitation but transferring ownership interests requires unanimous consent of other members of the LLC
Yes, in an LLC members have the right to sell their ownership interests and transfer their economic interests in the LLC without limitation
No members can transfer their ownership interests without limitation but transferring economic interests requires unanimous consent of other members of the LLC
No members of an LLC cannot transfer or sell their interests until the LLC is dissolved.
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