Member Capital Contribution

martin-kathryn8 · ‎09-14-2020

When setting up an LLC my clients owed someone $100,000. Instead of paying them, they gave them "economic interest ownership" and listed this person's capital contribution as $100k in their paperwork. Since they didn't actually receive $100k how would I handle this?

sjrcpa · ‎09-14-2020

Sounds like a distribution to your client.

Ex-AllStar

Member Capital Contribution

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