Chris, you just taught me more than I ever knew about LLC. As I mentioned above, I don't really want to get into all that... I just hire someone who finds out what I want and takes care of everything.
I know that as a member of an LLC that there is no corporate structure (as in president and so on)... owners are merely "members" of the LLC. However, I did think it was a limited liability corporation, not company.
I know that the way I'm set up is ideal for taking on investors, which is an important part of what wanted.
As of Thursday, I will only own 51% of JP Fitness LLC... We have already signed the agreements, but we all sit down and close this week. I'm pretty excited about it.
__________________
Jean-Paul Francoeur
www.jpfitness.com
http://forums.jpfitness.com
"Twenty years from now, you will be more disappointed by the things you didn't do than by the ones you did do. So throw off the bowlines. Sail away from the safe harbour. Catch the trade winds in your sails. Explore. Dream. Discover."
-Mark Twain
|