Class A and Class B Lmtd Ptshp or LLC in ProSeries
I handle a lot of shopping centers. Their ownership structure can be beyond horrible. But one set I need assistance with. Three centers with up to 30 different entities owning (my group owns a portion). But every entity is a LP or LLC with Class A (regular ownership) and Class B (disregarded entity). Typically Class A in this type of venture operates like preferred stock. They get for example the first 7% of income. Class B gets apportioned the excess, but again, it's a disregarded entity.
ProSeries is very basic in this regard. It gives 4 choices (% of ownership, % of profit sharing, % of loss sharing and special allocations).
In my mind I have no ability to force the 7% to Class A and the balance to Class B with anything other than an Excel spreadsheet and all Special Allocations, not using any percentages within ProSeries. Does any one have experience in this and can offer another method?
