Question

Phone Apps LLC is forming as a limited liability company. To become a manager-managed firm, Phone Apps’ members must

a.

refrain from participating in the firm’s operations.

b.

elect to apply the principles of partnership law to their firm.

c.

expressly adopt the corporate form of business organization.

d.

designate a person or group of persons to manage the firm.​

Answer 1

Answer:

c

expressly adopt the corporate form of business organization.