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What if Mel and Sean had decided to form a Limited Liability Company (LLC), what would need to change to form it? (use the following
What if Mel and Sean had decided to form a Limited Liability Company (LLC), what would need to change to form it? (use the following to explain) *Business Type Defined- (including document used and place it is filed) *Explain Formation- *Explain what the liabilities of an LLC and its members are? *Explain what the difference is between a member-managed LLC and a manager-managed LLC? *Explain the Jurisdictional Requirements- *Explain the Advantages & Disadvantages of LLC and its Members- *Explain the Flexibility in Taxation- *Explain Management of an LLC- *Explain what is required for the LLC Operating Agreement? *Explain what you have to do to dissociate from
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