KRS § 275.205 Allocation of profits and losses among members.
A limited liability company must allocate profits and losses according to its operating agreement; if a written operating agreement does not say otherwise, the default is to use the agreed value of each member’s contributions as recorded by the company.
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- Jurisdiction
- United States — Kentucky
- Instrument
- Act or statute
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- Undated source snapshot
- Language
- en
- Official source
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loss allocation operating agreements profit allocation
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KRS § 275.205 Allocation of profits and losses among members.
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