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| Why does it have to be that way? Your certainly going to distribute profits based on who does the work. Just because you contribute equal capital, profits and losses can be distributed anyway you want. CBS << ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ------------------------------------------------------- > |
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| Three of us are forming an LLC (pass-through or corporate TBD) to do consulting. Only one guy has a decent laptop and the other two would have to buy new ones as soon as the business starts. Let's say each cost $3.5K (the top of the line MacBook Pro). How much initial capital money each of us should contribute to have a "fair" equal part in the business? The existing laptop can be contributed as a transfer of property if needed. TIA. Gordon << ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ------------------------------------------------------- > |
| Tags |
| contribution, funding, llc, property |
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