Crossposted this over in the "Ask an Expert" forum, but figured it might have a little more luck if I posted it here too. Mod's, if it's an issue, please delete the other one.
Have a question about starting a new company.
Me and a partner are involved in construction, and would like to start an LLC in Texas.
In our field, it is of substantial benefit to be 51% owned by a service disabled veteran, as it affords you certain opportunities you wouldn’t otherwise have.
There is a third party we can bring into the company who meets the disability requirements, but we’re worried about granting them a majority control in what would otherwise be our exclusive venture.
Assuming that we do indeed bring this person in, what would be the best way to structure the member and salary/profit setup to provide the original two members as much control of the business as possible?
Thanks,
MrMees





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