Hi, Thank you for responding. I needed some creative thoughts. I would guess, I can change that later if the other partner will want the expenses when the LLC starts making money. What do you think if the other partner`s contribution is in the form of a loan to the LLC and they are issued 50% of the stock certificates? Will that work too?
Hi, Thank you for responding.
You guys seem to know a lot about LLC`s and maybe you can help me a little.
Can an LLC, with 2 equal members, elect in the operating agreement to distribute expenses to only one member? The LLC is not making any income as of yet, but does generate expenses during the development of property it owns. The LLC is in NJ.