Under the ULLCA, which of the following is true about limited liability companies? a. Its principals are

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Under the ULLCA, which of the following is true about limited liability companies?

a. Its principals are called members.

b. Principals do not have personal liability for liabilities of the LLC.

c. Principals have joint-and-several liability for the debts resulting from an LLC contract.

d. Principals are called partners.

e. A and B.

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Business Law And Strategy

ISBN: 9780077614683

1st Edition

Authors: Sean Melvin, David Orozco, F E Guerra Pujol

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Question Posted: Mar 07, 2024 02:01 AM

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Under the ULLCA, which of the following is true about limited liability companies? a. Its principals are

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e An LLCs principals called members are shielded ...View the full answer

Business Law And Strategy

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