All Forum Posts by: Brent Pearman
Brent Pearman has started 2 posts and replied 2 times.
Post: Non-Pro Rata Clauses
Brent PearmanPosted
- champaign, IL
- Posts 2
- Votes 0
Anyone have resources for non-pro rata distribution clauses for LLC operating agreements? For clarification, I will be manager of LLC and want to review clauses that state the LLC does NOT perform pro rata distributions. Interweb seems oddly thin on this topic. Thanks.
Post: Tax Classification and New LLC in Downstate Illinois
Brent PearmanPosted
- champaign, IL
- Posts 2
- Votes 0
Good Morning,
I am currently setting up an LLC as the designated manager (COO). The other members and I have a significant amount of personal assets we want to protect, hence the LLC. The main focus of the business initially will be fix and flip and BRRR in order to increase available assets for future deals. Any recommendations on tax class (S-corp, etc)?
Thanks.