Question

Like a partner in a partnership, the member of a limited liability company has the power to dissociate from the firm at any time, but may not have the right.
A) True
B) False

Answer 1

Answer: The statement is:

B) False

In a limited liability company (LLC), the ability to dissociate (withdraw) from the company is typically governed by the operating agreement or state laws governing LLCs. While a member may have the power to dissociate, they may not necessarily have an unrestricted right to do so. The operating agreement or state laws may specify conditions or restrictions on when and how a member can dissociate from the LLC.