JTM Developments I believe that JTM Developments should be classified as a Limited Liability Company. This will give the company plenty of room to grow without any restrictions. It will also give the members the advantage of having limited liability to only the amount they invested in the company. The first step is to set up the LLC. This is accomplished at the state level in most states. They must register with the secretary of …showed first 75 words of 591 total…

…showed last 75 words of 591 total…out to the members according to the amount of capital they each have in the company. In conclusion I think this is the best road for JTM Developments should use. It keeps the company in the direct control of the members, and Mary is able to be inactive. There is not double taxation on their profits, and through the articles of organization all areas of responsibilities and ownership are set so there are not disagreements.