1:17PM July 29, 2016
Paul, good questions!
DMEA has been 100% owner of a for-profit LLC for many years. After reviewing various structure options and implications, the DMEA board chose to use this entity to run the Elevate business.
This choice was made in order to minimize risk to the members of the cooperative.
Since the business is 100% owned by DMEA after tax gains and losses will flow through to DMEA. Cash dividends can be declared and paid to DMEA should the board of the LLC choose.
I hope this helps to answer your question. If you have further questions, give me a call at 1-877-OUR-DMEA.