Final answer:
True, a member of a limited liability company (LLC) has the right to leave the LLC at any time, although this action can have repercussions for the remaining members and the LLC's operations.
Step-by-step explanation:
A member of a limited liability company (LLC) indeed has the power and the right to dissociate from the LLC at any time; this is true. An LLC provides limited liability protection to its members, which means their personal assets are generally protected from the company's debts and liabilities. However, one should also consider the potential disadvantages and consequences that come from a member's dissociation, such as the disruption of business operations and potential alterations to the LLC's structure and financial liability.
While an LLC does offer protection of personal assets, it also imposes certain responsibilities on its members. If a member decides to leave the LLC, the remaining members may be affected. For example, they could potentially be responsible for debts incurred while that member was part of the business, as it is the case with partnerships where partners are responsible for each other's actions.
Furthermore, similar to a corporation structure, an LLC is considered a separate legal entity from its owners. This means that it can continue to exist even if one of the members leaves, contrasting with some partnership arrangements where the departure of a partner can terminate the partnership. The dissociation process and its effects are typically detailed in the LLC's operating agreement and the relevant state LLC statutes.