Question

Tax accounting, llc, is a member-managed limited liability company. if the law in tax accounting’s state is like the law in most states, unless the members have agreed otherwise, voting rights are apportioned according to

Answer 1

The correct answer is: capital contributions.

Step-by-step explanation:

Capital contributions or paid-up capital is listed in the equity section of the balance sheet and represent the amount of money shareholders have paid into the company by purchasing shares. It is essentially two accounts: the par value of the stock and the excess over par.

Answer 2

The voting rights are apportioned according to the capital contributions. The members of the firm are required to contribute based on their shares in the company. The contributed capital would wrap up the total amount of stocks that can be purchased by another company that would like to buy it.