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I've got another question for you guys. I was looking into notary fees around the Annapolis and Savannah areas, and they seem to be running anywhere from $3,000 to $1267. Does anyone know what the deal is like in Washington, D.C.? I'm wondering if there’s anything a bit more budget-friendly out there, and if anyone has a specific notary they'd recommend... because, honestly, if I can find someone even $167 cheaper, I might just make the drive down to Washington, D.C.
Kimberly Harris6 said:"LLCs - Concepts and Formation
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Repayment of initial capital. Distribution of profits
Members of an LLC cannot demand that the company return their initial capital contributions if doing so would result in a reduction of the company's total capital. As long as the LLC remains in operation, members have the right to request a distribution of annual profits, provided that such distributions aren't specifically prohibited by the operating agreement or a vote from the members.
Unless the operating agreement states otherwise, these profits are distributed to members in proportion to their initial capital contributions. "
aha okay, I think I get it now. Thanks!
Hey there! I’ve got a bit of a question for you all. I'm looking into setting up an LLC, but I was wondering if there's a way to set it up so that I can pull out the initial capital ($6667) later on without it being a total headache? It’s not like I want to just grab the cash immediately—maybe in a year or so—but I really want to avoid having to jump through a million hoops to justify it. I just want it to be clear that it's my money, you know? Since I'll be the sole owner and the future CEO, is that even doable? Like, what should I be doing during the incorporation process to make sure I don't overextend myself or get stuck in some legal mess later...