What steps should have been taken before money changed hands? - Is an LLC the best option?
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Question:
What steps should have been taken before money changed hands?
Is an LLC the best option? Some form of partnership? Other options? Explain your
choice thoroughly.
While the friends each initially contributed cash, how should they value the noncash contributions of time and labor in determining ownership shares, distribution of profits, etc.?
Was an operating or partnership agreement necessary? What should have been included
Related Book For
Fundamentals Of Human Resource Management Functions Applications And Skill Development
ISBN: 9781544324487
2nd Edition
Authors: Robert N. Lussier, John R. Hendon
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