cuyahoga tiger LSU Fan NE Ohio via Tangipahoa Member since Nov 2011 1074 posts
TD attorney question... (Posted on 1/19/13 at 11:45 am)
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.