Question: stion Question 3 Ace, Bob, Cat, and Dan have formed their restaurant, Baggers, as a Limited Liability Company (LLC). (Baggers, LLC) Bob, is the initial

stion Question 3 Ace, Bob, Cat, and Dan have formed their restaurant, Baggers, as a Limited Liability Company (LLC). (Baggers, LLC) Bob, is the initial founder and brought in Ace, Cat, and Dan to join the company. Each invested as follows: Ace $10,000 Bob $5,000 Cat $10,000 Dan $0 The agreement is they would all be equal owners. Dan has several years in restaurant experience and he would be running the restaurant on a daily basis. Bob would be involved with the restaurant, while Ace and Cat are silent investors and have no involvement with the restaurant operation. An issue arises between the owners, and Cat is upset that Dan and Bob are equal owners when they invested half of what she did, and Dan did not invest any cash! 1. What reasoning do you think could result in this ownership structure being equal, when the investors did not all invest equally? 2. If the 2 silent owners, Ace and Cat, knew they were going to remain as silent investors, and not have daily involvement with running the company, and they are fine with leaving Bob and Dan to run the business and make decisions regarding the restaurant, what type of Management structure would they agree to? 3. What are the investors into the LLC properly referred to as

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