Which of the following parties is the first priority under the default rules for distributing the assets of an LLC?
a. Members and former members in satisfaction of liabilities for unpaid distributions
b. Creditors, including members and managers who are creditors
c. Members for their LLC interests in the proportions in which members share in distributions
d. Members for the return of their contributions
b
You might also like to view...
The marketing technique known as ________ involves merchants offering many products for which there is little demand.
A. long tail marketing B. flash marketing C. yield management D. bait-and-switch
A sublease is legally the same thing as an assignment of a lease
a. True b. False Indicate whether the statement is true or false
Although short-term interest rates have historically averaged less than long-term rates, the heavy use of short-term debt is considered to be an aggressive current operating asset financing strategy because of the inherent risks of using short-term financing.
Answer the following statement true (T) or false (F)
The less risky the bond (or the higher the bond rating) the lower will be the yield to maturity on the
bond. Indicate whether the statement is true or false