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Phone Apps LLC is forming as a limited liability company. To become a manager-managed firm, Phone Apps members must Answers: a. refrain from participating in

Phone Apps LLC is forming as a limited liability company. To become a manager-managed firm, Phone Apps members must

Answers:

a. refrain from participating in the firms operations.

b. form a joint venture.

c. expressly adopt the corporate form of business organization.

d. elect to apply the principles of partnership law to their firm.

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