Asked by Tylour Smith on May 19, 2024
Verified
Under the Uniform Limited Liability Company Act,a limited liability company will dissolve after the passage of ________ consecutive days during which the company has no members.
A) 30
B) 60
C) 90
D) 121
E) 180
Uniform Limited Liability Company Act
A comprehensive statute that provides a uniform regulatory framework for the formation, operation, and dissolution of limited liability companies (LLCs) in the states that adopt it.
Dissolve
To formally bring to an end a legal entity or agreement, such as a business corporation or a marriage.
Consecutive Days
Successive days that follow one after the other without interruption.
- Ascertain the legal mandates and outcomes tied to starting, running, and discontinuing a business.
Verified Answer
Learning Objectives
- Ascertain the legal mandates and outcomes tied to starting, running, and discontinuing a business.
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