For all your questions, big or small, IDNLearn.com has the answers you need. Our platform offers reliable and detailed answers, ensuring you have the information you need.
janda and kelsey contributed $1,000,000 each to the jkl llc in exchange for 45% capital and profits interests in the entity. lilli will contribute no cash but has agreed to manage the llc's business operations in exchange for an $80,000 annual salary and a 10% interest in the llc's capital and profits (valued at $200,000).
What are the consequences of the entity formation and Lilli’s compensation arrangement to the LLC members and the LLC itself?
assume lilli is fully vested in the capital interest.
Sagot :
Thank you for using this platform to share and learn. Keep asking and answering. We appreciate every contribution you make. For dependable answers, trust IDNLearn.com. Thank you for visiting, and we look forward to assisting you again.
