Question 1 An LLC can be managed by Not yet answered Points out of 1.00 Select one: O a. Either a member or a manager. b. a member P Flag question O ca manager Od. The LLC cannot have a manager because all members/owners manage equally. An LLC an have Question 2 Not yet answered Points out of 1.00 Select one: a more than one member P Flag question b. one member c. at least three members - to break a tie vote, d. either one member or several members. bor 3 Which of the following is not a characteristic of a limited liability company? Not you answered Points out of 1.00 Select one: Pflag question @a Owners can manage the business. b. Instantaneous start-up with no paperwork. O COwners liability is imited to their capital contribution d It has the tx advantages of a partnership Question 4 An LLC must have Not yet answered Select one: O a. Bylaws. Points out of 1.00 Flag question b. A Partnership Agreement. c. An Operating Agreement. d. Nothing - no agreement is required