An LLC must have at least two members that participate in management in order to lawfully do business. T or F
Because the LLC is a relatively new type of business entity, there are often fewer published court opinions addressing LLC issues. T or F
A limited partner risks personal liability when he or she actively participates in the management of partnership affairs. T or F
Stock that is issued and then repurchased by a corporation is watered stock. T or F
Article 2A of the Uniform Commercial Code governs the sale of securities. T or F
Directors must be compensated for their services. T or F