E-commerce LLC Secures $50K Microloan
Practice Area
Business Formation — E-commerce
Challenge
A group of founders wanted to launch a dropshipping brand but were unclear on ownership splits, management roles, and how to allocate startup costs fairly.
Approach
We formed a multi-member LLC with a customized operating agreement addressing capital contributions, profit sharing, and buyout provisions. We also advised on tax classification and liability protections for online business risks.
Result
The founders launched their store within three weeks with clear legal roles, avoiding early partnership conflicts and qualifying for a $50K microloan using their new entity structure.
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