Legal Question in Business Law in Virginia
Operating agreement
I am forming an L.L.P. with one other partner. I am putting up all the money for this endevor including the initial investment and keeping the business afloat until we can start billing clients. (3-6 months) My partner in a valuable asset because of his knowledge and experience. At what percentage should I be considered invested in the operating agreement?
Asked on 7/22/07, 7:24 pm
1 Answer from Attorneys
Michael Hendrickson
Law Office Michael E. Hendrickson
Re: Operating agreement
Obviously, the most favorable percentage which you can get your valuable partner and asset to agree to.
Answered on 7/22/07, 8:37 pm
Related Questions & Answers
-
Business do Business employees have the right to make costumers leave a store Asked 7/18/07, 12:08 am in United States Virginia Business Law
-
Civil suit if i file a lawsuit against somebody for damages and they file a... Asked 7/11/07, 11:29 am in United States Virginia Business Law
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
