Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Which of the following is true concerning the personal liability of a member of a limited liability company? Question options: a) Members of an LLC

Which of the following is true concerning the personal liability of a member of a limited liability company?

Question options:

a)

Members of an LLC are NOT personally liable for the LLC's debts.

b)

Members are liable if they sign the agreement on behalf of the LLC

c)

Members are NOT liable if a majority of the members agree.

d)

Members of an LLC are personally liable for the LLC's debts.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

Recommended Textbook for

Employment Law for Human Resource Practice

Authors: David J. Walsh

4th edition

1111972192, 978-1133710820, 1133710824, 978-1111972196

More Books

Students also viewed these Law questions

Question

How can assertiveness help you cope with anger? Critical T hinking

Answered: 1 week ago

Question

4. What means will you use to achieve these values?

Answered: 1 week ago