Q: I’m part of a Business where I have a lower percentage than everyone else. Do I invest equally? Or based on my percentag
We have been investing based on percentage.
A: It all depends on the operating documents for the business. Generally, it is based on percentage.
Phillip William Gunthert agrees with this answer
A: You should review your business documents such as your Corporate Bylaws or LLC Operating Agreement. You would want to contact an attorney and have them take a look at the documents that you do have in place, and if there are none in place then it goes to state default statutes. You really need to review the sections related to contributions, but it likely should be related to your ownership interest.
Terrence H Thorgaard agrees with this answer
A: As Mr. Gunthert indicated, you need to discuss this with an attorney. There may also be federal tax issues, such as requirements for the filing of returns, of which you should be aware.
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