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.
If the LLC is disregarded for tax purposes, report all of the LLCâs business activity on a personal tax return by calculating each net profit or loss on the Schedule C attachment to IRS Form 1040.imited liability companies that you designate as a partnership for tax purposes must provide the IRS with an informational tax return on Form 1065 and a Schedule K-1 attachment for each LLC member. This filing requirement remains effective for any tax year the LLC has no business activity or income.