Scenario

Partnership Basis: Three individuals recently formed Krypton Company, a company that manufactures car batteries, as a limited liability company $($LLC$).$ The three individuals$$Jaylin$,$ Aarna, and Richard$$own equal interests in the company and substantial income from other sources. Krypton is a manufacturing firm and expects to earn approximately $$130,000$ of ordinary income and $$30,000$ of long$-$term capital gain each year for the next several years. Jaylin will be a full$-$time manag$1.$ Discuss any tax issues the owners should consider regarding the LLC$$s initial year of operations. Include the following in your response:

a$.$ Partnership and partners basis in the LLC

b$.$ Equal interests among the three founders

c$.$ Tax filing requirementser and will receive a salary of $$60,000$ each year.