|
| Posted by | Message | cuyahoga tiger 
LSU Fan
NE Ohio via Tangipahoa
Member since Nov 2011
609 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.
| | Back to top | Share on  | foshizzle
LSU Fan
Member since Mar 2008
25118 posts
| re: TD attorney question... (Posted on 1/19/13 at 12:15 pm to cuyahoga tiger)
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
| | Back to top | |
Back to top
|
