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Reginald, Dwight and Elton formed a limited liability corporation (LLC) with a maximum term of five years. At the end of the term and with

Reginald, Dwight and Elton formed a limited liability corporation (LLC) with a maximum term of five years. At the end of the term and with the LLC highly successful, Reginald and Dwight wanted to continue the LLC for five more years, but Elton did not. If the vote stands at two to one, what result for the LLC Multiple Choice It will continue for five more years. It will continue for one more year and thereafter be on a year-to-year term. It will continue but have no fixed term. It will be immediately dissolved

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