subject
Business, 18.04.2021 02:30 amirahpeters

Limited Liability Companies. John, Lesa, and Trevor form a limited liability company. John contributes 60 percent of the capital, and Lesa and Trevor each contribute 20 percent. Nothing is decided about how profits will be divided. John assumes that he will be entitled to 60 percent of the profits, in accordance with his contribution. Lesa and Trevor, however, assume that the profits will be divided equally. A dispute over the profits arises, and ultimately a court has to decide the issue. What law will the court apply? In most states, what will result? How could this dispute have been avoided in the first place? Discuss fully.

ansver
Answers: 2

Other questions on the subject: Business

image
Business, 22.06.2019 16:30, sammuelanderson1371
Which of the following has the largest impact on opportunity cost
Answers: 3
image
Business, 22.06.2019 17:00, allofthosefruit
Jillian wants to plan her finances because she wants to create and maintain her tax and credit history. she also wants to chart out all of her financial transactions for the past federal fiscal year. what duration should jillian consider to calculate her finances? from (march or january )to (december or april)?
Answers: 1
image
Business, 23.06.2019 04:20, hardwick744
What common business mistake can cost you everything
Answers: 1
image
Business, 23.06.2019 09:00, melanastormes92
Matthew decides to buy expensive designer jeans. less expensive jeans are available, but the added cost of the designer brand is worth it to matthew most likely because
Answers: 1
You know the right answer?
Limited Liability Companies. John, Lesa, and Trevor form a limited liability company. John contribut...

Questions in other subjects: