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Establishing equity in a startup
by JamesL, Rising Star
- Created: June 16, 2010, 1:57 pm
I have a startup firm that is incorporated as an LLC and ready to go, however there is the issue of equity. My business partner and I would like to split 35 & 45 respectively, with 20 left for future allocation. A friend mentioned that the way to establish this, officially, is to record it in a type of corporate minutes. Does anybody know what process he is referring to and what the way to do this would be?
Thanks!
SBA Community

JamesL | Rising Star | 6/17/2010 - 8:13 am
pruthinker | Creator | 6/17/2010 - 5:10 pm
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