Provide an example of an LLC and explain why the example you provided chose that form of business entity.
Compare and contrast the authority that members possess in a member-managed LLC versus a manager-managed LLC. Explain which authority you believe favors a small business and state why.
Analyze what an ownership interest in an LLC entitles a member to. Imagine you are a member and you wanted to give a portion of your membership to your son. Explain what determines if these ownership interests can be characterized as securities.
