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bhargav vaghasia
on Nov 28, 2024

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When the member of a limited liability company engages in fraud on the firm's behalf, the member is not likely to be held personally liable.

Engages In Fraud

The act of deliberately deceiving another individual or entity to gain an unfair or unlawful advantage.

Limited Liability Company

Is a business structure that combines the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation.

Personally Liable

Being directly responsible for an obligation or debt, where one's personal assets can be used to satisfy the liability.

  • Outline the disparities in duties and liabilities among members and managers within LLCs.
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Savana AdamsDec 01, 2024
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