User Account

All Pages

How are the widower rights to profits, losses

Assignment Help Business Management
Reference no: EM133591262

Question: One of the founding members of a three-person member-managed limited liability company dies, and, under the decedent's will, her interest in the limited liability company "passes in its entirety with all rights and privileges thereunto pertaining" to the widower. Assuming the operating agreement is silent both on the widower's rights in the limited liability company and on the requisites for amending the operating agreement:

A. Is the widower's consent required to amend the operating agreement?

B. How are the widower's rights to profits, losses, and distributions calculated?

Reference no: EM133591262

Questions Cloud

Describe what you believe the ideal company for this policy : describe what you believe the ideal company for this policy would be. After completing these examples and descriptions, please answer the follow-up questions
How staged financing across a number of rounds can change : how staged financing across a number of rounds can change the risk-return expectations of the entrepreneur and VC firm. Hint: Use problem 2B spreadsheet for
When multinational corporations invest in corporate social : When multinational corporations invest in corporate social responsibility, this always compensates for the environmental damages and other disruptions
What is a principle that considers the welfare and risks : Identify the major ethical principles that can guide individuals and organizations. What is a principle that considers the welfare and risks of all parties
How are the widower rights to profits, losses : Is the widower's consent required to amend the operating agreement? How are the widower's rights to profits, losses, and distributions calculated?
Analyzes a current and controversial economic issue : research and prepare a report presentation that objectively analyzes a current and controversial economic issue describing differing perspectives
Describe the project procurement planning process : Describe the project procurement planning process. Identify most valuable output of plan procurement process and explain why you believe it is most valuable.
How is this treaty supposed to work : How is this treaty supposed to work? i.e., where does the money come from? Who does the "innovation"? How is "access" supposed to be improved?
What are the following fashion and frequency : Indicate what are the following: Average and Average. For each of these indicate its function and how it is obtained from the data.

Reviews

Write a Review

Business Management Questions & Answers

  Caselet on michael porter’s value chain management

The assignment in management is a two part assignment dealing 1.Theory of function of management. 2. Operations and Controlling.

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. Due to increase in the preference for light beer drinkers, Chris Prangel wants to introduce light beer version in Mountain Man. An analysis into the la..

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. An analysis into the launch of Mountain Man Light over the present Mountain Man Lager.

  Analysis of the case using the doing ethics technique

Analysis of the case using the Doing Ethics Technique (DET). Analysis of the ethical issue(s) from the perspective of an ICT professional, using the ACS Code of  Conduct and properly relating clauses from the ACS Code of Conduct to the ethical issue.

  Affiliations and partnerships

Affiliations and partnerships are frequently used to reach a larger local audience? Which options stand to avail for the Hotel manager and what problems do these pose.

  Innovation-friendly regulations

What influence (if any) can organizations exercise to encourage ‘innovation-friendly' regulations?

  Effect of regional and corporate cultural issues

Present your findings as a group powerpoint with an audio file. In addition individually write up your own conclusions as to the effects of regional cultural issues on the corporate organisational culture of this multinational company as it conducts ..

  Structure of business plan

This assignment shows a structure of business plan. The task is to write a business plane about a Diet Shop.

  Identify the purposes of different types of organisations

Identify the purposes of different types of organisations.

  Entrepreneur case study for analysis

Entrepreneur Case Study for Analysis. Analyze Robin Wolaner's suitability to be an entrepreneur

  Forecasting and business analysis

This problem requires you to apply your cross-sectional analysis skills to a real cross-sectional data set with the goal of answering a specific research question.

  Educational instructional leadership

Prepare a major handout on the key principles of instructional leadership

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd