Our Services

Get 15% Discount on your First Order

Case Study John, Lesa, and Trevor form a limited liability

November 27, 2021

Case Study
John, Lesa, and Trevor form a limited liability company. John contributes 60 percent of the capital, and Lesa and Trevor each contribute 20 percent. Nothing is decided about how profits will be divided. John assumes that he will be entitled to 60 percent of the profits, in accordance with his contribution. Lesa and Trevor, however, assume that the profits will be divided equally. A dispute over the profits arises, and ultimately a court has to decide the issue.
What will be the result?
How could this dispute have been avoided in the first place?
Action Items
1. Read the case study above.
2. By the due date, submit your answers to the case study questions. Justify your answers.

Share This Post

Order a Similar Paper and get 15% Discount on your First Order

Related Questions

Consider at least two companies that successfully adopted this business philosophy to gain success and combat traditional corporate approaches. How do

Consider at least two companies that successfully adopted this business philosophy to gain success and combat traditional corporate approaches. How do these companies embody the tenet of “higher purpose” and create deeper meaning by focusing their goals beyond profits and inspiring stakeholders? What connections can you identify between the

Unit I Scholarly Activity Define each component of democracy in

Unit I Scholarly Activity Define each component of democracy in the space provided below. Your definition should be no more than three sentences in length (30 words each). Rank the components of American democracy on a scale of 1 to 9, with 1 being the most important to a

Providing a Research paper topic along with bullet point which

Providing a Research paper topic along with bullet point which is going to elaborate for Verizon Company. 1.5 line space, Regular margin size. Additionally, providing you with a sample paper from another company (Merck Pharmaceutical) so, if you will not able to elaborate on that point then take a look

Write about Innovation in Construction Practice’ as part of

Write two essays for the module ‘Innovation in Caonstruction Practice’ as part of Construction Project Management Degree. The topic of the first essay is above and it is due on Friday 01/03/2019. Explain what the interoperability problem is in the context of BIM, and discuss two significant technological innovations pursued

ENG 101: ESSAY #1 – Gender Expectations

Write a three-page thesis-centered essay (minimum five paragraphs), not including the Works Cited page, on the questions below: 1) In what ways do gender norms negatively or positively (or both/neither) impact people? Society? Explain. (Give concrete and clear examples.) Expand on the topic and your thesis with: 1. References

Learning Preferences

Create a PowerPoint presentation with what you learned about yourself from the reading and self-assessments in the Carry-Ons: Learning Preferences folder. Be sure to include specific references to your results as you complete this assignment. Presentations should include at least five to seven slides with a proper introduction and conclusion.

Please visit the National Registry of Exonerations, and search under

Please visit the National Registry of Exonerations, and search under “Browse Cases” at http://www.law.umich.edu/special/exoneration/Pages/detaillist.aspx (Links to an external site.). Select three cases at random. For my cases select cases one case that is in California, one case that is in New York and one case that is Alabama. The goal is to select

Part A- Based on the course design, and learning objectives.

Part A- Based on the course design, and learning objectives. Please share your comments, concerns, frustrations, and highlights. Did the course meet your expectations? Yes How was the workload? The work overload was perfect. Do you feel you will apply some of the concepts learned in the course (if so, which

Overview In chapters 1 and 2 you have learned about

Overview In chapters 1 and 2 you have learned about pseudoscience, folk psychology, skepticism, and the scientific method. In the age of social media, being skeptical of scientific claims and being able to evaluate their credibility are important skills. Before completing this discussion, please prepare by reading the two

Wireless Communication Technique – Premium Paper Help

Premium Paper Help is a professional writing service that provides original papers. Our products include academic papers of varying complexity and other personalized services, along with research materials for assistance purposes only. All the materials from our website should be used with proper references.

If given the choice, would you purchase an unusual car

If given the choice, would you purchase an unusual car such as a hearse for everyday use? How would your friends, family, or significant other react? Since deviance is culturally defined, most of the decisions we make are dependent on the reactions of others. Is there anything the people in

Is it accurate to say that you are searching for

Is it accurate to say that you are searching for something special In the event that truly, at that point head to gatekeepers to get the most moving outfits at truly reasonable rates? The nature of the items is very good quality which will show up more appealing any event

HI 510 Purdue Global University Health Information Applications Discussion Nursing Assignment Help

Submit a draft of your healthcare marketing website plans. Your instructor will provide feedback, which should be incorporated into your final submission, the completed website, due in Unit 9. To fulfill the requirements of this week’s assignment, you must provide a functional URL for your website. Using your outline from

Literature Review Content Students, The Literature Review Research Paper may

Students, The Literature Review Research Paper may grant you up to 10 Points for your Final Grade. Continue and follow Instructions… The Literature Review Research Paper MUST follow APA Writing Style – Some guidelines are provided within the Content of this course…Students MUST follow these guidelines… The paper should include

This is just the instructions given. Its easy, we have

This is just the instructions given. Its easy, we have already gotten started. I will communicate with you and attach all the necessary documents. The paper must be 8-10 pages long – DOES NOT include the title page or reference page! Look at the title page on the sample papers

In 250 words or more, answer the following. Retrieval of

In 250 words or more, answer the following. Retrieval of data in SQL can be sped up by the creation of indexes in a table. Explain what an index is and how it works in speeding up data retrieval. Describe one issue that can occur by using too many indexes

The third topic on prescription coverage for smoking cessation is

The third topic on prescription coverage for smoking cessation is a program and so you can work on a CBA on this. -Smoking cessation prescription coverage: cost-benefit analysisSmoking is among the activities that incur higher healthcare expenditures in the US. According to research, it incurs up to $168 billion of

Enron was the largest corporate fraud case in history, the energy company collapsed in 2001 for fraud. They misled investors, misled the public, and

Enron was the largest corporate fraud case in history, the energy company collapsed in 2001 for fraud. They misled investors, misled the public, and hid their true debt as wealth. Their unethical practices that rose the company led to their downfall and prosecution of their CEO Jeffrey Skilling. They used