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Deep Blue, LLC , a Texas LLC , is engaged in IT consulting services. It has 2 0 members. a . How will new members
Deep Blue, LLC a Texas LLC is engaged in IT consulting services. It has members.
a How will new members be admitted?
b The operating agreement is silent on the division of profits. How will a profit of $ million be divided?
c One of the members designed a system for one fo the business's clients. The system was hacked due to a design flaw. The design flaw was caused by a negligent rather than intentional error. Who is liable for this error?
d If the operating agreement doesn't specify how the LLC will be managed, how will it be managed?
e The LLC wishes to ensure that only four of its members are authorized to purchase real estate for the LLC How can the LLC accomplish this goal?
f The LLC plans to open a bank account in Nevada and do a oneweek consulting project in Colorado. Must the LLC qualify or register to do business in those states?
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