Who each made capital contributions for their interests

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ABC LLC was formed several years ago. It incurred losses for several years, reducing many of its members' bases in their interests to zero. However, the business recently obtained some promising contracts, anticipating profits in the coming years if it can obtain some financing. It admitted new members who each made capital contributions for their interests. The owners anticipate it will be necessary to reinvest most of the profits back into the business for some time.

Reference no: EM133539349

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