New York Small Business Law – New York LLC Operating Agreements: Funding the Company

New York LLC Operating Agreements: Funding the Company (read full article)

By IMKE RATSCHKO

Another important part of an LLC Operating Agreement deals with the “capital” that comes into the Company and with the corresponding percentage ownership rights of the individuals or entities providing such capital. Capital typically comes in upon formation of the Company (initial capital contributions by the members) or over the course of the life of the Company (additional capital contributions by the members). Finally, members can decide to provide loans to the Company. Loans aren’t considered capital, but I mention it here, because it is another way to transfer additional funds into the Company. Initial Capital Contributions In the most…(read more)

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