We would like to have this structure only during the time we're running at a loss (at least the first year). After that, we would redo the operating agreement so it's back to normal, with 50/50...
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We would like to have this structure only during the time we're running at a loss (at least the first year). After that, we would redo the operating agreement so it's back to normal, with 50/50...
The net profit or net loss does not have to be divided in half: "By adopting an operating agreement, the members can decide to allocate profits or losses in a proportion that is not equal to the...
Thanks for replying.
Is the LLC trying to turn a profit?
We are expecting an overall loss in the company for at least the first year. Any revenue that we do make will be put back into the...
I am a cofounder of a LLC. My partner and I each own 50% of the company. What we want to do is have my partner put $2,000/month into the company, and I will be paid a guaranteed payment of...