Like a general partnership, LLC's are dissolved by all of the following situations except: _______.
A) by the consent of the members.
B) upon the death of a member.
C) upon the expulsion of a member.
D) when a derivative suit is filed.

Question

Quizplus · Accepted Answer

LLC's are dissolved by the consent of the members, the death or expulsion of a member, or by court order for certain reasons such as illegal activities or impracticality of continuing the business. Filing a derivative suit does not automatically result in the dissolution of an LLC.

Like a General Partnership, LLC's Are Dissolved by All of the Following