In which of the following cases does the conversion of an existing business to an LLC (limited liability company) take effect?
A) when the articles of organization are filed with the secretary of state
B) when the members enter into an agreement of conversion
C) when an operating agreement is finalized by the members
D) when the first certificate of interest is issued
A
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Indicate whether the statement is true or false
Which of the following statements is true of the World Trade Organization?
A) Member states have a common tariff barrier against nonmembers. B) It is intended to create a common market. C) All members are obligated to harmonize their trade laws or face sanctions. D) It establishes guidelines for multinational corporations when operating in developed and developing countries.