Question

which of the following provisions are typically in an operating agreement for a limited liability company (llc)? choose 2 answers.

Answer 1

The provisions that are typically in an operating agreement for a limited liability company, or LLC, are as follows:

• Whether the dissociation of a member, such as by death or departure, will trigger dissolution of the LLC. (A)
• How membership interests may be transferred. (B)

What is a limited liability company?

The LLC, or limited liability company, can be defined as a type of business structure that allows for limited liability and pass-through taxes. This type of business, like corporations, legally exists as a distinct entity from its owners. As a result, owners are rarely held personally liable for the company's debts and obligations.

What are the provisions for a limited liability company?

If there are several participants, this agreement has become a legally enforceable contract between them. The declaration of intent, its commercial goal, the time period throughout which the business will operate, how it'll be taxed, new LLC participant admissions, and membership capital contributions are all common provisions of a limited liability company agreement.

This question should be provided with answer choices, which are:

• A. Whether the dissociation of a member, such as by death or departure, will trigger the dissolution of the LLC.
• B. how membership interests may be transferred.
• C. the advertising plan for the company.
• D. a record of the company's assets and debts.

The correct answers to this question are A and B.

Learn more about limited liability company here: brainly.com/question/13304738

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