Teen Night Club - Organizational Form

ORGANIZATIONAL FORM

Ventures will be a family-owned business organized as a limited liability company. The principal owners will be David and Mary Jensen. Mary Jensen will be the decisionmaking partner while David Jensen will be a silent partner. The ownership split will be 60 percent for Mary Jensen and 40 percent for David Jensen. This organization will provide the owners the liability protections of a corporation and the flexibility and tax advantages of a partnership entity.

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