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Old 07-20-2007, 02:32 AM
ChenangoBusinessServices@hotmail.com
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Default Re: Funding an LLC through the contribution of property

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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Old 07-12-2007, 11:34 PM
Gordon.A.Schumway@gmail.com
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Default Funding an LLC through the contribution of property

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. > << ------------------------------------------------------- >
 

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