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cuyahoga tiger
LSU Fan
NE Ohio via Tangipahoa
Member since Nov 2011
1843 posts

TD attorney question...

I have scoured the internet but cannot substantiate the grumblings around the corporate water cooler.

Privately held Corporation X has three LLC's (let call them A LLC, B LLC and C LLC)under its ownership... profit sharing is setup for the whole corporation for all employess working for all three LLC's. A LLC profits are soring while B LLC and C LLC are flat or declining. Employess of A LLC feel slighted about reduced profit sharing due to poor performance of B & C LLC...some have said this is called "mingling" and is illegal. I don't see anything wrong with it. BTW I work for A LLC.


foshizzle
LSU Fan
Washington DC metro
Member since Mar 2008
32165 posts
Online

re: TD attorney question...
Everything depends on the legal details so I don't know for certain.

However, if
quote:

profit sharing is setup for the whole corporation for all employess working for all three LLC's


is correct then this could be perfectly legal.

ETA: Of course, nobody complaining today will say "boo" five years down the road when the situation is reversed.
This post was edited on 1/19 at 12:16 pm


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