Jack, Linda and Tom form a limited liability company. Jack contributes 60% of the capital and Linda and Tom each contribute 20% of the capital. Nothing is decided about how profits will be divided. Jack assumes that he will be entitled to 60% of the profits in accordance with his capital contribution. Linda and Tom, however, assume the profits will be divided equally. A dispute over the profits arises, and ultimately a court has to decide the issue because they didnt sign an operating agreement. The result in most states will be

	a.	They will share the profits in accordance with the percentage of capital they contributed.
	b.	They will share the profits equally.
	c.	They will share the profits in accordance with the Internal Revenue Code.
	d.	They will share the profits in accordance with the information on the documents they filed with the State.