Ava and Bud start CapCo as a limited liability company. They can participate in the firms management

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Ava and Bud start CapCo as a limited liability company. They can participate in the firm’s management

a. only to the extent that they assume personal liability for the firm’s debts.

b. only to the extent of the amount that they invest in the firm.

c. to any extent.

d. to no extent.

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Business Law Text And Exercises

ISBN: 9780357717417

10th Edition

Authors: Roger LeRoy Miller, William E. Hollowell

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Question Posted: Feb 26, 2024 09:01 AM

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Ava and Bud start CapCo as a limited liability company. They can participate in the firms management

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The correct answer is b only to the extent ...View the full answer

Business Law Text And Exercises

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