Legal Question in Business Law in California
Preferred LLC
I wonder if an LLC that includes ''preferred'' shares, and ''common'' shares (e.g. preferred 90%; common 10%) is called a PREFERRED LLC or is it a plain ''LLC''? Or are the shares called preferred and common holders? For example, can the preferred shares be an IRA, and common shares be a Roth?
Asked on 11/18/05, 10:30 pm
1 Answer from Attorneys
Christopher M. Brainard, Esq.
C. M. Brainard & Associates - (310) 266-4115
Re: Preferred LLC
Just "LLC," and yes.
Answered on 11/18/05, 11:14 pm
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