Sam Muller and Toby Richardson organize an LLC (limited liability company) in the state of Delaware. In the articles of organization, they specify the duration of the LLC as 25 years from the date of filing the articles of organization
Which of the following is true in this context?
A) The LLC is invalid as it does not specify a date of termination.
B) The LLC may be dissolved at will any time after 25 years from the date of filing the articles of organization.
C) Muller and Richardson have organized a valid term LLC.
D) Muller and Richardson have organized an at-will LLC.
C
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An auditor should compare the unaudited financial statements with both past results and industry trends to gain an indication about the possibility of fraud
a. True b. False Indicate whether the statement is true or false
Canniff Air uses two measures of activity, flights and passengers, in the cost formulas in its budgets and performance reports. The cost formula for plane operating costs is $56,560 per month plus $2,618 per flight plus $5 per passenger. The company expected its activity in February to be 63 flights and 254 passengers, but the actual activity was 62 flights and 255 passengers. The actual cost for plane operating costs in February was $218,820. The plane operating costs in the planning budget for February would be closest to:
A. $222,764 B. $222,349 C. $218,820 D. $220,151
What are the primary responsibilities of a Project Manager? Briefly describe these responsibilities for a project manager whose team is purchasing a new machine and installing it in a manufacturing process
What will be an ideal response?
Refer to the Savoy Corporation Income Statement Accounts. What is the cash flow for the Savoy Corporation for 2014?
A) $193,000 B) $261,900 C) $135,100 D) $272,000