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did you receive my follow up question?
I was asking if you could expand on the "saving provision" mentioned in your original answer? Our LLC is highly profitable and will not be dissolving anytime in the foreseeable future. So therefore, I want to make sure if member 1 makes this additional cap. contribution and we keep the allocation percentages the same, that our operating agreement has the correct language to make this ok to do.
So if I am understanding correctly, putting that provision in our operating agreement makes it ok for the capital accounts to not balance (zero out upon dissolution) because the negative ones will be offset by the positive (member 1); and as long as we have this provision and our allocation percentages are in accordance with IRC 704, then we are good to go for making the additional cap contribution and not having to update allocation percentages in the operating agreement?