When the limited liability company (LLC) is manager managed, _____. all members have actual and apparent authority to bind the LLC to contracts on its
When the limited liability company (LLC) is manager managed, _____.
all members have actual and apparent authority to bind the LLC to contracts on its behalf
all member votes have equal weights
non-manager members also have duty of care and fiduciary duty
only managers have the legal authority to bind the firm
firm decisions that are extraordinary can be taken only by its manager members
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Authors: Mike E. Miles, Laurence M. Netherton, Adrienne Schmitz
5th Edition
0874203430, 978-0874203431
