Which of the following is true concerning the personal liability of a member of a limited liability
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Question:
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.
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