Henry decides to become a member of a limited liability company (LLC). What will

goji.go

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11 years ago

Henry decides to become a member of a limited liability company (LLC). What will

Henry decides to become a member of a limited liability company (LLC). What will happen to the company if Henry withdraws his membership and invests in other businesses?

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Diesel

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Solved According to the textbook, the limited liability company combines the limited liability advantage of
Solved If a member of a limited liability company dies, the company must terminate.
Solved A limited liability company may be terminated:
A member or a shareholder is the owner of a Limited liability company (LLC).
Solved In states where an LLC (limited liability company) may be organized by only one member, ________ can ...
Solved A member's distributional interest in an LLC (limited liability company) is ________ and may be ...
Solved Distributional interest refers to a member's ownership interest in an LLC (limited liability company).
Solved An LLC (limited liability company) is not liable for injury caused by an LLC member while acting ...

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bbb

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11 years ago

If Henry decides to withdraw his membership from the limited liability company, the LLC will have to dissolve. An LLC has a short life span because, unlike an S or C corporation, it must dissolve when a member decides to leave. Some states also require that an LLC list a dissolution date in the articles of organization.

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goji.go Author

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11 years ago

Thanks for helping me with my business review homework.

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Diesel

bbb

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11 years ago

You're very welcome, but pls mark as solved.

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