Explain how an LLC can be managed. Explain the duty of loyalty to the different management options.

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How do LLC members share in profits? If they want to change the default way of sharing in profits, what document would they need to create?

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Managerial Accounting An Integrative Approach

ISBN: 9780999500491

2nd Edition

Authors: C J Mcnair Connoly, Kenneth Merchant

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Posted Date: Nov 03, 2023 01:42 AM

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Explain how an LLC can be managed. Explain the duty of loyalty to the different management options.

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An LLC Limited Liability Company can be managed in a few different ways and the duty of loyalty varies depending on the chosen management structure 1 ... View the full answer

Managerial Accounting An Integrative Approach

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