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Then, by the parent comment's compelling logic, the profit along with the LLC would become abandoned property: >>>> and an LLC without any legitimate ownership
by Slansitartop 9y ago
Then, by the parent comment's compelling logic, the profit along with the LLC would become abandoned property:
>>>> and an LLC without any legitimate ownership interest is an abandoned entity (making all its assets abandoned property).
The bit you quoted was in the context of assigning criminal liability, if the need arose. However, I don't think that "profit" would be the most important part of the analysis, but rather who was responsible for designing and setting up the corporate entity.