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fuzzylogic · 07-31-2008, 11:30 PM

I am using legalzoom.com ($140) which seems to have good reviews and came across a question that i would like suggestions on. Why would i want to put anything other than zero for initial capital contributed?

Who are the initial members of the LLC? Please also state their initial capital contributions and their ownership percentage in the LLC.

(LegalZoom HelpCapital contributions consist of the cash, property and services contributed by that person into the LLC. Unlike a corporation, the ownership percentage of the members in an LLC do not have to correspond to the amount of money they contribute.)

07-31-2008, 11:30 PM
fuzzylogic Confirmed User Join Date: Jun 2004 Location: buffalo, las vegas. icq: 285808879 Posts: 4,796	Question on filing an LLC I am using legalzoom.com ($140) which seems to have good reviews and came across a question that i would like suggestions on. Why would i want to put anything other than zero for initial capital contributed? Who are the initial members of the LLC? Please also state their initial capital contributions and their ownership percentage in the LLC. (LegalZoom HelpCapital contributions consist of the cash, property and services contributed by that person into the LLC. Unlike a corporation, the ownership percentage of the members in an LLC do not have to correspond to the amount of money they contribute.)