How To Fold The World's Farthest-Flying Paper Airplane. The all-time distance record for paper airplane flight* was set in February, 2012. The paper craft was designed by John Collins (a.k.a. The Paper Airplane Guy), and soared a whopping 226 feet, 10 inches. Here, Collins walks us through how to fold his world-record-holding plane, which he's named Suzanne..
Profits Interests The most commonly recommended approach to sharing equity in an LLC is to share profits interests. A profits interest is analogous to a stock appreciation right. It is not literally a profit share, but rather a share of the increase in the value of the LLC over a stated period of time.
Profits of an LLC are generally distributed to the shareholders in the same fashion as a general partnership. Any profits that are not distributed at the end of the LLC's tax year are considered retained earnings. The IRS has specific rules that pertain to the tax treatment of excess retained earnings. Once retained earnings hit a certain threshold, the excess accumulation can be taxed unless the corporation can justify the accumulation. How Retained Earnings Works Like a partnership, an LLC records its income and expenses and then passes the net profit or loss to the individual shareholders based on the shareholders percentage of stock ownership.