MGMT 108 Lecture Notes - Lecture 10: Deferred Compensation, General Partnership, C Corporation
Document Summary
You don"t technically even need managers, you can just all be members: unless otherwise stated in an operating agreement, profits and losses are shared in proportion to each members capital contribution. Transferability: unless otherwise provided in llc"s articles or operating agreement, no one can become a member of the llc without the consent of all existing members. Llc"s do have a fee associated: they are the only business entity that have fees like this, so this is something to think about when deciding whether to be an llc or not (page 179) Are they us citizens?: exit strategy- are you going to go public or just own it yourself, money needs- do i need a bunch of investors for capital, taxation. Llc to the extent of their ownership interest in the llc: there is little chance that the members will somehow lose the.
