Question: Fred, Mike, Reid and Connor create Double Done LLC , a family recreation center. Their operating agreement specifically states that Mike will make the day

Fred, Mike, Reid and Connor create Double Done LLC

,

a family recreation center. Their operating agreement specifically states that Mike will make the day to day decisions and that Fred, Reid and Connor will have little input except for major decisions. This type of LLC is

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Sudz'N'Bubbles Company owns and operates 10 car washes in Ontario. The general manager of each location reports to the company president, Christopher O'Donnell. At the end of each quarter,...

Fred, Mike, Reid and Connor create Double Done LLC, a family recreation center. Their operating agreement specifically states that Mike will make the day to day decisions and that Fred, Reid and...

Do the reading assignment and then look up KRS 275.520 and read its text.Then answer the questions below. Fully explain your answers: 1.What is the taxation advantage of a LLC as opposed to a...

Please answer the question according to the case study of Kingston Family Vineyard no generalization: Which of the investment alternatives would you recommend for Kingston Family Vineyard and why How...

Competitive Analysis Competitive advantages can be built on a variety of factors, but those that are sustainable are typically built on some distinctive competence possessed by a firm and which are...

For the exclusive use of N. Keita, 2016. CASE: E-522 DATE: 06/20/14 AXEL SPRINGER IN 2014: STRATEGIC LEADERSHIP OF THE DIGITAL MEDIA TRANSFORMATION I will not tire in claiming our share in all...

can i get alittle help with this? its practice questions for my Final. 16 Financial Highlights International Business Machines Corporation and Subsidiary Companies ($ in millions except per share...

This is business writing: clear and to the point. Literary and dramatic embellishments are unwelcome. Use terminology, grammar and punctuation correctly. Treat this as if you are working for the...

MGT489 Point of View Analyses (2 of them for this summer's class) Guidelines: No more than four pages, single spaced, no smaller than 11 point type. Your name, date, title of the case and what number...

IMG Worldwide is the world's largest sports entertainment media company. In years past. IMG was all about professional golf and tennis marketing. But today. IMG handles sales and marketing activities...

Macbeth Spot Removers is entirely equity financed with values as shown below: Data Number of shares. Price per share Market value of shares. 2,500 25 Operating income ($) $ $ 62,500 Although it...

MUETIPLE - CHOICE QUESTION A mechanistlic struclure would benefit a company that is trying to do which of the following? encourage innovation minimize costs promote initiative

Determine the major differences between U.S. GAAP and IFRS disclosure reporting requirements related to each separately reportable operating segment. Next, give your opinion as to whether either U.S....