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Question
Marc and Sonia were the only members of the MS Limited Liability Company. Marc then sold all his rights in the LLC to Gertrude. As a result:
A. Gertrude becomes a member of the LLC.
B. Gertrude gains the right to receive Marc's share of distributions.
C. Marc ceases to be a member of the LLC.
D. the LLC becomes a sole proprietorship of Sonia.
Answer
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