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Jonathan Scott Savar

The Savar Law Firm
  • Business Law, Securities Law
  • New York
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Summary

I am the Founding Partner of The Savar Law Firm, a business transactional law boutique. I focus on business formation, governance, contracts, licensing, franchising, VC transactions, and mergers and acquisitions.

Practice Areas
  • Business Law
  • Securities Law
Additional Practice Areas
  • Corporate
  • Private Equity
  • Corporate Finance
  • Corporate Governance & Counseling
  • Private Company
  • Mergers & Acquisitions
  • Leveraged Acquisitions
  • Mezzanine Finance
Fees
  • Free Consultation
  • Credit Cards Accepted
Jurisdictions Admitted to Practice
New York
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Languages
  • Spanish: Written
Professional Experience
Founding Member
The Savar Law Firm PLLC
- Current
Education
University of Chicago Law School
J.D
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Princeton University
A.B., English
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Awards
Princeton Cane Scholarship
Princeton University
National Merit Scholarship
National Merit Scholarship Program
Professional Associations
New York City Bar Association
Current
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New York State Bar # 2777597
Member
- Current
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Publications
Articles & Publications
The "Conrail" Arguably Justified Test
University of Chicago Legal Forum
Speaking Engagements
Reps and Warranties and Indemnification in M&A Documents, Commercial Documents Series, Philadelphia, PA
Federal Electronic Signatures in Global Commerce Act, Commercial Documents Series, Philadelphia, PA
Certifications
New York Law License
New York State Bar Association
Websites & Blogs
Website
Website
Legal Answers
1 Questions Answered

Q. Hey Guys,i own 10% of an LLC, while someone else owns 90%. If We bring a capital partner, where does he get his %?
A: The answer is that this type of scenario is normally the subject of negotiation among the parties and depends upon the facts and circumstances of the situation, unless the operating agreement specifies exactly what happens in the event both members bring on another member. For example, assuming that the consideration being offered by the buyer is all cash, one party might have more of an interest or a need in receiving cash, and so the selling members might agree to vary a pro rata split of the membership interests in a sale. Also, if the company has debt, the selling members might agree that the proceeds are first used to pay off company indebtedness before being paid out to the selling members, or they might not agree and may leave the same amount of indebtedness in place post-sale (because the economic consequences to each selling member are different). Therefore, as you can see, there are a variety of factors to consider, and the terms of the operating agreement and interests of the different parties as well as the specific facts involved impact how the scenario might ultimately play out.
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Contact & Map
43 W 43RD ST STE 55
New York 10036
USA
Telephone: (800) 710-8293