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Old 02-18-2018, 09:41 PM
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LLC Change of ownership percentage
The Homebased LLC was set up with 2 owners each 50% owners (husband and wife) , now I want to change the percentage of profit sharing to 90%(husband)&10% wife 1.Do I need to change the ownership percentage , in order to change the percentage of profit sharing, if so , how is it done ?
2.Do we need to report the change in profit sharing to IRS ?


Please advise. Thank you and have a great day.


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