LLC Flashcards
1
Q
what needs to be filed for an LLC
A
articles of organization
2
Q
articles of org
A
LLC name
registered agent
office
BA address
3
Q
is an operating agreement needed?
A
no
4
Q
purpose of making LLC
A
pass through tax advantage of partnership
limited liability like s/h of corp
5
Q
how to add member in a member managed
A
majority vote of members
6
Q
how to add member in manager managed
A
majority vote of managers
7
Q
how are profits and losses allocated absent an agreement?
A
by contribution
8
Q
how to dissolve LLC
A
unanimous written consent of all members
