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"Education is the most powerful weapon which you can use to change the world”
– Nelson Mandela

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Unit VII Discussion Board Question

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Q The Discussion Board response is due by Saturday, 11:59 p.m. (Central Time). Your comment on another student's response is due by Tuesday, 11:59 p.m. (Central Time). Late postings will be awarded 0 points. You must respond to all discussion board questions to receive full credit on the discussion board. Please include your name in the subject line when posting. For example: • John's response to the question • John's comment to Jane's posting

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The LLC is a legal entity for liability but not always taxes and it enables members to control the allocation of control. It is not a federally regulated entity because the Uniform Limited Liability Corporation Act (ULLCA) drafter due to its emergence has not been uniformly accepted, therefore, its regulation is based on State jurisdiction. In the operating agreement, a form of tax payment, lifetime, and transferability are spelled out.