Business Scenarios and Case Problems 19-1. Limited Liability Companies. John, Lesa, and Trevor the d form a limited liability company. John contributes GO percent of the capital, and Lesa and Trevor each contribute 20 percent. unp Nothing is decided about how profits will be divided. John h assumes that he will be entitled to 60 percent of the profits, in accordance with his contribution. Lesa and Trevor, however, assume that the profits will be divided equally. A dispute over the profits arises, and ultimately a court has to decide the issue. What law will the court apply? In most states, what will result? How could this dispute have been avoided in the first place? 1s Discuss fully. (See Limited Liability Companies.) Torme Faraway Corp. supplies busines