Question: Question 5 ( 1 point ) Like a partner in a partnership, the member of a limited liability company has the power to dissociate from

Question 5(1 point)
Like a partner in a partnership, the member of a limited liability company has the
power to dissociate from the firm at any time, but may not have the right.
True
False
Question 5(1 point) Like a partner in a partnership, the member

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!

Q:

Question 1 (1 point) Saved Which of the following entities provide neither protection or limitations to personal liability nor double taxation? Select all correct answers limited liability companies...

Q:

Hiring an Attorney Group 4 questions QUESTION 1.1 Disclosure Choose one 1 point The following 3 questions will rely on the following fact scenario. Mark gets in a dispute with his business partner,...

Q:

QUESTION 1.1 Disclosure Choose one 1 point The following 3 questions will rely on the following fact scenario. Mark gets in a dispute with his business partner, Jack, and decides that he needs to sue...

Q:

Question 1 (1 point) Smith, a director of Alfa Industries, discovered a business opportunity mentioned in a foreign magazine that would work well for Alfa in Canada. Rather than bring it up at the...

Q:

1 1. The intentional tort of false imprisonment is best defined as: A. Being held in jail waiting for an arraignment. B. The intentional confinement or restraint of another without authority or...

Q:

BUSINESS LAW - BLAW150 - Winter 2017 Instructor: Frank Fischer ASSIGNMENT #2 - 1st Alternative DUE DATE: Friday April 21, 2017 11:59 pm I have decided to create two (2) alternative assignments for...

Q:

Comprehensive Problem 10-1 Emily Jackson (Social Security number 765-12-4326) and James Stewart (Social Security number 466-74-9932) are partners in a partnership that owns and operates a barber...

Q:

Question 1 (1 point) Under the second wave of the partial shield statute, a partner of a limited liability partnership (LLP) would be unlimitedly liable for: Question 1 options: wrongful acts by...

Q:

Question 1 (1 point) What is the legal principle of "limited liability"? Question 1 options: a) Shareholders' liability is limited to their investment in the corporation. b) Directors are not...

Q:

CAN YOU PLEASE MAKE SURE YOU USE THE ATTACHMENT I PUT ITS FOR 2016 PLEASE DON'T GIVE ME THE 2015 ONE Comprehensive Problem 10-1 Emily Jackson (Social Security number 765-12-4326) and James Stewart...

Q:

Which of the following diagrams, does not represent a streamline flow? (1) (2) (3) (4)

Q:

Particle P moves in a straight line such that, t seconds after passing through a fixed point Q its velocity V m/s given by the equation V = 3t -15t+18. Find a) The values of t for which P is...

Q:

Accessing the effectiveness of financial management practices in emerging market

Q:

-/1 View Policies Current Attempt in Progress The following amortization and interest schedule reflects the issuance of 10-year bonds by Bridgeport Corporation on January 1, 2014, and the subsequent...