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whats up everybody this is attorney Dan winninake dan win again let me say my last name but I want to talk to you a little bit about LLCs and splitting different ownership and profit and loss allocations now this is kind of a more advanced topic but it comes in handy when you have obviously when you have more than one owner and in a traditional case if theres more than one owner lets just say two and if one person puts in $75,000 and one person puts a $25,000 cash then the one person would have 75% of the company and the other person would have 25% of the company but sometimes there are situations where you might want to change this and not adhere to the default rule where the amount of contribution equals the profit loss distribution now its possible that you can have different profit and loss allocations allocated to the to the owner so in in this this is narrower someone put in 75% another person 25% and you dont have to do that way as long as that everyone agrees in the awkw
