Cabin Land Ownership %s
Sean F. 20.7%
The appraised value of the land is $30,600 (excluding Andys cabin, which he retains all rights to and is responsible for the taxes on ). Total appraised value is $37,400.
Open Land Ownership
The appraised value of the land is $44,800 plus the values of the improvements to the roads and culverts.
Neither of these represents the market value of the properties, which is higher.
There are also cash assets to the group, and non-land property.
For each $1,000 contributed, you can become a combined owner of 1% of the LLC when it is born. Current owners can add to their percentages also.
In its current form as planned, the LLC will feature the following ownership percentages and voting rights based on the above values. We will try to use the consensus method for voting issues here too, but I remind people that in contentious issues, votes will be tallied by percentages owned.
Please contact Malcolm as soon as you can if you plan to join our little business group.
Notes: I'm not sure on the current state of the LLC, but it may have worked out to be a dead issue. Will check and correct shortly if so.
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