Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Which of the following is false regarding a manager - managed limited liability company ( LLC ) ? Which of the following is false regarding

Which of the following is false regarding a manager-managed limited liability company (LLC)?
Which of the following is false regarding a manager-managed limited liability company (LLC)?
The managers of a manager-managed LLC have the apparent authority to enter into contracts on behalf of the LLC.
The managers of a manager-managed LLC owe the LLC and its members the same fiduciary duties as the officers and directors of a corporation owe to the corporation and its shareholders.
The managers of a manager-managed LLC have the actual authority to enter into contracts on behalf of the LLC.
In a manager-managed LLC, the members select a group of managers to manage the affairs of the company.
The managers of a manager-managed LLC must be selected from the members of the LLC.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these General Management questions

Question

Need 5 journal entries. Thank you for ur assistance

Answered: 1 week ago

Question

When should you avoid using exhaust brake select all that apply

Answered: 1 week ago