Legal Question in Business Law in Texas
Limited Liability corporation
Can services rendered by someone be used to buy shares in an LLC? Is this a legal statement: The initial members shall, in exchange for their memberships, make contributions to the LLC of the cash property, non-cash property and services and/or promises of cash, non-cash property and services.
Asked on 1/21/07, 7:20 pm
1 Answer from Attorneys
Peter Bradie
Bradie, Bradie & Bradie
Re: Limited Liability corporation
It's legal.
Answered on 1/22/07, 8:25 am
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