Funding an LLC through the contribution of property

Jul 12, 2007 1 Replies

Three of us are forming an LLC (pass-through or corporate TBD) to do consulting. Only one guy has a decent laptop and the other two would have to buy new ones as soon as the business starts. Let's say each cost $3.5K (the top of the line MacBook Pro). How much initial capital money each of us should contribute to have a "fair" equal part in the business? The existing laptop can be contributed as a transfer of property if needed. TIA.



Gordon



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Why does it have to be that way?

Your certainly going to distribute profits based on who does the work. Just because you contribute equal capital, profits and losses can be distributed anyway you want. CBS

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