Replies to post #58933 on SunWorks Inc (SUNWQ)

[Melanie1]

ROSEVILLE, CA – November 1, 2016 – Sunworks and Elevation Solar of Gilbert, Arizona announces today a joint business partnership known as Sunworks Elevation, LLC. The venture will enable both companies to broaden their reach for solar projects in the commercial building industry. With a previously established track record of successful solar implementations already in place between the two companies, the new LLC formation is expected to bolster revenue projections even further.

[CashMoneyCarl]

It's an interesting arrangement for sure.. no telling if we are just testing the waters for a merger/acquisition or what but anything that increases the revenue of SUNW is ok with me.

Here is a quick look at what an LLC is.. be sure to understand the second paragraph.

An LLC is a hybrid business organization that mixes the best of corporations, partnerships, and sole proprietorships. Each owner (also called a member) of an LLC has limited liability like a stockholder of a corporation. LLCs allow any entity, including individuals, partnerships, trusts, estates, corporations, or other LLCs to be owners. They also offer greater flexibility than corporations—like no limits on the number of members—yet they have the tax advantages of a partnership, such as pass-through taxable income and losses.

LLCs do not have to observe the formalities normally imposed upon corporations, such as producing annual reports, holding director meetings, and meeting shareholder requirements. In addition, profit and loss can be allocated differently than ownership or partnership interests. Unlike corporations, which must distribute profits in proportion to each of the shareholder's ownership of shares, LLC members may distribute profits in any manner they want without regard to each member's capital contribution.