Search for: "Sweat Equity, LLC"
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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]
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]
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]
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]
1 Feb 2010, 8:00 am
Even small businesses with no employees, in which the owners provide all of the “sweat equity”, can benefit greatly from an agreement which explains just exactly what in the way of rolling up the sleeves is expected of every member; it sure helps to prevent misunderstandings, hurt feelings and, ultimately, deadlock or worse among the business owners. [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]
22 Feb 2009, 4:25 pm
Millennium Equity Holdings, LLC v. [read post]
4 Apr 2007, 9:35 am
I wasn’t able to attend (sadly for me, I was literally elbow-deep in mulch, adding sweat equity to a rural Maryland property to be resold in about 3 years, for what I trust will be great profit) but I’ve scanned the web for write-ups from those who were fortunate enough to attend. [read post]
