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Old 08-02-2007, 12:16 PM
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Default LLC question regarding ownerships

Question for a LLC buff. I own a LLC that has no employees at the time being and four owners all of which are written into the Operational Agreement. I want to avoid hiring employees for obvious financial reasons (workmans comp etc).

LEGALLY, can I find a front desk girl for my business and give her 1% ownership of the business? I would write her into the Operational Agreement and make a seperate contract that would state her ownership can be taken back at any time. Compensation for the 1% ownership per month would be equal to what I would pay her hourly for one month. I would deduct taxes like I do from all the other owners and have my CPA file her taxes accordingly under personal income when neccessary.

Is this legal?

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Old 08-02-2007, 08:22 PM
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I think your life would be a lot easier to contract out admin though and admin or temp agency in your area. Do a search for companies in your area, tell them what you are looking for, interview a few and treat them well so they stick around.
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Old 08-03-2007, 03:04 PM
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Default legalities

your right, it might be easier to do it that way BUT I am also curious if doing it the way I suggested was legal?? Any ideas?
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Old 08-03-2007, 08:21 PM
reDunDent
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Why would you want to do that? Any lawyers out there?
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Old 08-03-2007, 08:30 PM
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prestonfalls, checking with some legals to answer your question.
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