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2 . Meridian LLC is engaged in defense consulting services. It has ten members, five of whom contributed $ 1 0 , 0 0 0

2. Meridian LLC is engaged in defense consulting services. It has ten members, five of whom contributed $10,000, and five of whom contributed $20,000. The operating agreement is silent on division of profits, management of the entity, and admission of new members.
a. How will profits of $1 million be divided?
b. How will the entity be managed?
c. How will new members be admitted?

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