Search for: "Sweat Equity, LLC"
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29 Jun 2010, 10:32 am
For example, say the LLC was formed by a member who contributed $50,000 for 50% ownership and a sweat equity member who contributes one year's future services valued at $50,000 for 50% ownership. [read post]
2 Jun 2011, 7:19 am
These days, LLCs are often founded around a brilliant idea which requires a lot of development, creation and "sweat equity. [read post]
23 Apr 2012, 2:53 pm
In the most common scenario, LLC members share equity ownership and profit distribution rights equally. [read post]
11 Apr 2023, 11:29 am
In some businesses, one Member contributes more capital while another concentrates on operating the business, a concept called “sweat equity. [read post]
4 Apr 2018, 11:40 am
It is not unusual to have the promoters of a project receive generous distributions from a project if it exceeds expectations because although they may contribute less capital, they contribute more reputational risk, “sweat equity,” or and add value by creating synergies by introducing parties to each other and managing the relationships. [read post]
19 Dec 2016, 3:21 am
The question presented was whether the two plaintiffs, who ran the business, were mere employees as claimed by the defendant, who put up all the capital, or were each one-third “sweat equity” members of the LLC as claimed by the plaintiffs. [read post]
13 Sep 2011, 11:38 am
The fact that New York allows substantial flexibility in drafting the Operating Agreement is important because:A new business can be established with partners whose interest in the LLC reflects not just monetary but other contributions (f.e., sweat equity); andAs the business develops the LLC can use its equity interests to raise funds without automatically sacrificing management control (if the… [read post]
23 Nov 2009, 4:20 pm
Although the question does not reveal the nature of the LLC business I assume that without the debtor and his spouse investing their sweat equity the value of the LLC today is 0. [read post]
Repeat After Me: You May Not Expel a Member of a New York LLC Unless the Operating Agreement Says So
17 Sep 2018, 3:25 am
While there is a dispute as to whether [Petitioner] paid money into the LLC and the amount, it is undisputed that he put in “sweat equity” and held a 50% interest in the firm. [read post]
29 Mar 2019, 9:18 am
It is not unusual to have the promoters of a project receive generous distributions from a project if it exceeds expectations because although they may contribute less capital, they contribute more reputational risk, “sweat equity,” or and add value by creating synergies by introducing parties to each other and managing the relationships. [read post]
7 May 2021, 1:14 pm
It is not unusual to have the promoters of a project receive generous distributions from a project if it exceeds expectations because although they may contribute less capital, they contribute more reputational risk, “sweat equity,” or and add value by creating synergies by introducing parties to each other and managing the relationships. [read post]
29 May 2023, 8:48 pm
Boddie issued a noteworthy Decision and Order in Orange Gowanus LLC v Ben-Yosef involving an action by an LLC member to enforce a right of first refusal to acquire its co-owners’ membership interests upon the LLC’s receipt of an outside offer to purchase the real property owned by the LLC’s wholly-owned subsidiary. [read post]
21 Nov 2012, 2:00 am
Thus, Congress and the California legislature had no reason to consider whether a membership interest in an LLC constitutes a security when they drafted the Securities Act, the Exchange Act and the Corporate Securities Law. [read post]
6 May 2019, 12:26 am
Vice Chancellor Glasscock’s recent valuation opinion in Smith v Promontory Financial Group, LLC, Mem. [read post]
12 Aug 2013, 3:31 am
When individuals launch a small business with little equity beyond their own sweat and dreams, what follows is often a long, hard struggle leading, ultimately, to failure. [read post]
11 Jan 2016, 3:06 am
” Ahmed contended that Zafar knew all along and never objected to his handling of the company finances and the absence of a company bank account; that Zafar received half of all net rental proceeds; and that over the 25 years since they bought the property, Ahmed alone put in substantial, uncompensated “sweat equity” and incurred unreimbursed legal and other expenses developing, maintaining, improving, and operating the property. [read post]
25 Jan 2022, 10:45 am
One founder may have contributed financial capital and resources, while the other may have contributed sweat equity and expertise. [read post]
25 Jan 2022, 10:45 am
One founder may have contributed financial capital and resources, while the other may have contributed sweat equity and expertise. [read post]
27 Mar 2017, 3:17 am
Besides noting that James’s trial testimony in general “was not credible,” Justice Dufficy rejected each of James’s contentions as contradicted by sworn allegations made by him in another litigation, by a 2009 agreement signed by both brothers, by evidence of Vincent’s “sweat equity” contribution to the property’s acquisition and management, and by the fact that their 50/50 equity ownership… [read post]
21 Mar 2011, 9:29 am
Agreements for companies involving sweat equity should deal with the amount of time, effort and capital (if any) required of each owner, and the vote required to remove someone from the company. [read post]
