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Q: Limited Liability Company ( Answered,   2 Comments )
Question  
Subject: Limited Liability Company
Category: Miscellaneous
Asked by: mdpa173-ga
List Price: $5.00
Posted: 14 Nov 2004 05:13 PST
Expires: 14 Dec 2004 05:13 PST
Question ID: 428735
Can a limited liability company offer specifically different grades of
ownership to senior versus junior owners.
Answer  
Subject: Re: Limited Liability Company
Answered By: markj-ga on 14 Nov 2004 09:52 PST
 
mdpa173 --


Your answer can be found on a website that is a very useful resource
for basic information on Limited Liability Companies" ("LLCs"),
largely because it is written (by lawyers)  in non-legalese, plain
English.  Here is your answer:


"A limited liability company can also be organized with different
classes of ownership interests, which provides flexibility for special
allocations of profits and voting power. For example, you can create a
special class of "super-voting" units that provide 10 votes per unit
or pay a certain level of profit before the "regular" units."

LegalZoom: LLCs Library
http://www.legalzoom.com/law_library/LLCs/contributions.html


Note that the page cited above contains links to a comprehensive
variety of information about LLCs.  I hope you find it useful.


Search Strategy:

I found the site with the following Google search:

llcs "s corporations"
://www.google.com/search?sourceid=navclient&ie=UTF-8&q=llcs+%22s+corporations%22


I suggest that you might also want to review the results of this
search for other sites and information about LLCs that might interest
you.


If any any of the information is unclear, please ask for clarification
before rating the answer.



markj-ga
Comments  
Subject: Re: Limited Liability Company
From: probonopublico-ga on 14 Nov 2004 08:47 PST
 
In which country?
Subject: Re: Limited Liability Company
From: mdpa173-ga on 14 Nov 2004 13:38 PST
 
florida, u.s.a.

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