BigT LLC is a limited liability company owned by three membe…
BigT LLC is a limited liability company owned by three members: Alice, Bob, and Charlie. The LLC’s operating agreement limits its business to managing rental properties. Without consulting the other members, Alice uses LLC funds to invest $500,000 in a cryptocurrency venture under her own name. The venture fails, leaving the LLC unable to pay its creditors. Several creditors sue BigT LLC, as well as Alice, Bob, and Charlie individually, seeking to recover the unpaid debts. Bob and Charlie argue that they are protected by the LLC’s limited liability shield. However, evidence reveals the following: Charlie frequently commingled LLC funds with his personal bank account. Alice acted without the consent of Bob and Charlie in making the investment. The LLC was undercapitalized at the time of formation, with no separate reserve fund for its liabilities. Under these circumstances, what is the most likely outcome?
Read DetailsGiven this undirected graph: What path would a breadth-firs…
Given this undirected graph: What path would a breadth-first search find from vertex A to vertex G. Just list the vertex names separated by a space with no extra text. Don’t forget to list the start and end vertices. Hint: You should be able to do this without creating a chart like you did on the homework assignment.
Read DetailsRenPop LLC is a limited liability company with three members…
RenPop LLC is a limited liability company with three members: Amanda, Richie, and Donald. Upon forming the LLC, the members are faced with a decision regarding how the entity will be taxed. They seek advice to understand the implications of their choices. Which of the following statements about the taxation of RenPop LLC is correct?
Read DetailsRenPop LLC is a limited liability company with three members…
RenPop LLC is a limited liability company with three members: Amanda, Richie, and Donald. Upon forming the LLC, the members are faced with a decision regarding how the entity will be taxed. They seek advice to understand the implications of their choices. Which of the following statements about the taxation of RenPop LLC is correct?
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