Usually the members of a limited liability company:
a. may transfer membership interests without the consent of the other members
b. may not transfer membership interests without the consent of the other members c. may not know each other
d. must know each other for at least a year before the formation of the company e. none of the other choices are correct
b
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Independent federal administrative agencies are federal agencies responsible for enforcing specific administrative statutes enacted by Congress
Indicate whether the statement is true or false
If a firm with credit terms of 1/10 net 30 were to change its terms to 3/10 net 30, the result would
probably be A) increased bank loans. B) an increase in the average level of accounts receivable. C) increased accounts receivable turnover. D) a decrease in accounts payable.