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I'm looking typical agreement LLC setup that would have two…

Customer Question
Hello, I'm looking for...

Hello, I'm looking for a typical agreement for a LLC setup that would have two sets of partners/Investors: Active - Passive

Lawyer's Assistant: Thanks. Can you give me any more details about your issue?

At the end of project, Active, they will receive 20% of profit right away. Then the remaining 80% will be split 50-50% between active and passive

Submitted: 2 years ago.Category: Business Law
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Customer reply replied 2 years ago
the capitalization of project is as follows:
10% by Active
90% by Passive
At the end of project, Active receives 20% of profit
Then the remaining will be split between Active and Passive 50-50%
Customer reply replied 2 years ago
Sorry, there is a minor change. so the setup is as follows:
he capitalization of project is as follows:
10% by Active
90% by Passive
At the end of project, using the profits:
All Shareholders (Active+Passive) receive 20% return on their investment
Then the remaining will be split between Active and Passive 50-50%
Is it clear?
Answered in 19 minutes by:
2/15/2016
Business Lawyer: Richard, Attorney replied 2 years ago
Richard
Richard, Attorney
Category: Business Law
Satisfied Customers: 57,213
Experience: 32 years of experience practicing law and a businessman.
Verified

Hi there. My name is ***** ***** I will be happy to help you.

I can provide a very comprehensive Operating Agreement template for you through the Additional Services option offered by JustAnswer. If that would be helpful, let me know and I'll extend that offer and you can then decide whether or not to accept. Fair enough?

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Customer reply replied 2 years ago
This is kind of disappointing. First you say it'll cost 18$, then I'm actually charged 36$, then for getting a real answer I have to pay even more.
Not cool
Business Lawyer: Richard, Attorney replied 2 years ago

I'm sorry. I will be happy to opt out to let another expert help you from here. The money you have posted so far is simply a deposit. It has not been applied to this question. Rather, it does not get applied until your are satisfied. The additional cost would be a full comprehensive Operating Agreement which is outside the scope of the question/answer format of this online forum.

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Customer reply replied 2 years ago
how much is the extra cost
Customer reply replied 2 years ago
since you are not able/willing to answer my question, pls have the deposit money reversed.
Business Lawyer: Richard, Attorney replied 2 years ago

I will contact customer service to issue a refund of your deposit. Take care.

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DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.

The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

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