study: setting up an llc in ny (chapter 38)\nquestion 2 (20 points)\nin ny, in 2024, the fee for filing the…

study: setting up an llc in ny (chapter 38)\nquestion 2 (20 points)\nin ny, in 2024, the fee for filing the articles of organization for an llc is $200\ntrue\nfalse\nquestion 3 (20 points)\nthe members of an llc are required to adopt a written operating agreement.\ntrue\nfalse\nquestion 4 (20 points)\nthe ny corporation and business entity database online search is used to determine whether\na) a fee was already paid to form an llc\nb) a name is available for a corporation, limited partnership or limited liability company to use\nc) an llc is owned by family members

study: setting up an llc in ny (chapter 38)\nquestion 2 (20 points)\nin ny, in 2024, the fee for filing the articles of organization for an llc is $200\ntrue\nfalse\nquestion 3 (20 points)\nthe members of an llc are required to adopt a written operating agreement.\ntrue\nfalse\nquestion 4 (20 points)\nthe ny corporation and business entity database online search is used to determine whether\na) a fee was already paid to form an llc\nb) a name is available for a corporation, limited partnership or limited liability company to use\nc) an llc is owned by family members

Answer

Brief Explanations:

  • Question 2: In New York in 2024, the fee for filing the Articles of Organization for an LLC is indeed $200.
  • Question 3: In New York, members of an LLC are not required by law to adopt a written Operating Agreement (though it is highly advisable).
  • Question 4: The NY Corporation and Business Entity Database online search is mainly used to check if a name is available for a corporation, limited partnership or limited liability company to use.

Answer:

  • Question 2: A. True
  • Question 3: B. False
  • Question 4: B. a name is available for a corporation, limited partnership or limited liability company to use