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A limited liability partnership must be formed in compliance with state law. (Points : 4) True False
A limited liability partnership must be formed in compliance with state law. TRUE.
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Expert answered|jeifunk|Points 37632|
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Asked 11/26/2014 7:17:07 AM
Updated 11/26/2014 8:39:54 AM
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Confirmed by sujaysen [11/26/2014 8:39:54 AM]
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In a limited liability company, members must participate in the management of the company. (Points : 4) True False
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A partner cannot “wrongfully” dissociate from a partnership. (Points : 4) True False
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For partnerships, dissociation typically involves the departing partner forfeiting his/her rights to have his/her interests purchased. (Points : 4) True False
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