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Updated 12 months ago,
Intial Contribution in Operating Agreement
For a property I have in an LLC.... I'm writing my Operating Agreement and was wondering what y'all use as the "Initial Contribution"?
I could use the $100 I put into my LLC bank account, the initial value of $400k when transferring the property into the LLC, or some other number. Is there a benefit to using a higher value or lower value for the "Initial Contribution" in the Operating Agreement?
Thanks!