Typically, I would base the profit distribution on the initial capital contribution, but I am not sure if that is equitable in this situation as his skills will likely be needed more often than my skills as an attorney.

I'm not trying to cheat, because I would still pay taxes on the $10,000 distribution in 2019.

I know that any distributions from my IRA is a taxable event subject to income taxation, but I just want to make sure that transferring from an inherited IRA to a self-directed IRA does not generate unexpected tax implications (because I'm simply transferring between slightly different IRA accounts and custodians and not taking any distributions).  

@Annie DickersonSounds like you've derived your answer.

A lot of the issues were derived from our equity group partner in reviewing the insurance policy Kevin provided along with the confusion on the registration of the parent company not having a foreign registration.

We spend anywhere from 15-20k in data per month alone, and distribute to our call center and sms platform. 

To do so would break the tax-sheltered status of the plan - which does not end at age 59 12/.You could potentially distribute the 25% interest held by the plan to yourself. 

I'll break it down section by section.Purchase Price Information:  I understand how you derived at $95K (not the price I would pay ...

4) who is responsible for distributing the K-1's to the other members?

I understand that the website does all the calculations for me, but being an engineer I typically learn better through actually messing with equations, seeing where they're derived from and applying them myself.