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Desolo Desolo
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10 years ago
Philip and Deborah form an LLC. Philip contributes $50,000 capital, and Deborah contributes $75,000 capital. They do not have an agreement as to how profits are to be shared. If the LLC makes $100,000 profit in its first year, how will the profit be divided among the members?
A) Philip gets $30,000 and Deborah gets $70,000.
B) Philip gets $50,000 and Deborah gets $50,000.
C) Philip gets $25,000 and Deborah gets $75,000.
D) Philip gets $35,000 and Deborah gets $65,000.

This is for my business law class, anything will help
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bbbbbb
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10 years ago
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Desolo Author
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#2
10 years ago
Awesome, thank you.
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#3
3 years ago
Thank you!
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