A(n) ________ refers to a document that demonstrates evidences of a member's ownership interest in an LLC (limited liability company)
A) certificate of interest
B) article of organization
C) operating agreement
D) agreement of conversion
A
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The human resource, accounting, and legal departments of Glorious Software, a company with locations in seven states plus Europe, are working together on developing a profit-sharing plan. Which option for communicating with employees about the plan would be the most practical and effective?
A. Call a meeting of all the employees to discuss the plan face-to-face. B. Hold off on any communications until all employees can be brought together. C. Ask employees not to engage in rumors. D. Post descriptions and videos on the company's intranet. E. Set up a balanced scorecard to measure opinions about the plan.
Carla and Eliza share income equally. During the current year the partnership net income was $40,000. Carla made withdrawals of $12,000 and Eliza made withdrawals of $17,000. At the beginning of the year, the capital account balances were: Carla capital, $42,000; Eliza capital, $55,000. Eliza's capital account balance at the end of the year is
A) $52,000 B) $58,000 C) $82,000 D) $75,000
Paca is declared mentally incompetent. Quelita, Paca's friend, insists that Paca transfer her considerable assets to Quelita "for safekeeping.". If Paca makes this "gift," a court might conclude that it is not effective on the ground that there was no
a. acceptance by the donee. b. constructivedelivery. c. donative intent. d. relinquishment of control.
Ownership of an estate for the duration of one's life is called a term for years.?
Indicate whether the statement is true or false