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Haley and Gina were partners in a limited liability corporation ( LLC ) . The LLC became insolvent, it was unable to pay off its
Haley and Gina were partners in a limited liability corporation LLC The LLC became insolvent, it was unable to pay off its debts. There was $ left in the LLC in cash assets and Haley and Gina immediately transferred $ each to their husbands. This is known as aan
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deficit distribution.
improper distribution.
personal transfer.
familial distribution.
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