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A comment on UT-Austin blocks access to TikTok on campus Wi-Fi networks. Parent comment

Re:UT-Austin blocks access to TikTok on campus Wi-Fi networks by positr0n on Tuesday January 17, 2023 @09:24PM (#34422689)
> Plenty of low-income folks would be eager to get an extra $500 a month for doing nothing.

If this hypothetical low income person owned the LLC so that others could operate it, nothing is stopping them from cleaning out the LLC's bank account whenever they want since they own it!

[ Parent | on HN ]
Re:UT-Austin blocks access to TikTok on campus Wi-Fi networks by wombat_trouble on Tuesday January 17, 2023 @11:21PM (#34423398)
It doesn't work that way. An LLC is governed by an operating agreement, and that agreement can specify what actions needs approval from whom. You can have an LLC that is owned by one person and managed by another, and yet another party collects proceeds... sky's the limit, if it's not otherwise illegal, it's fair game.
[ Parent | on HN ]