Please view explanation and answer below.have a nice day buddy!
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 dec…
15 Million Students Helped!
Create Account to order
