Epstein Index›Documents›EFTA00993347
💨IMPACT LEVEL 1 — MEH

Epstein File EFTA00993347: Christie's and Painting (DS9)

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Legal or financial document outlining the formation of an LLC by Ronald and Leon to jointly purchase a painting through Christie's. The document specifies 50/50 equal membership, equal capital contributions to cover half the purchase price and sales tax each, and establishes the LLC's business purpose as managing a Schwitters painting held as investment property, with requirements for separate insurance and capital calls for ongoing expenses.

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Excerpt 1
Please note that we will need the LLC formed and funded by each of Ronald and Leon in time to pay **Christie's**.
Excerpt 2
Each of Leon and Ronald will 50/50 Members and each will contribute funds sufficient to cover ½ the purchase price of the **painting** plus ½ the sales tax
Excerpt 3
The LLC will then acquire the **painting**. The LLC will have as its business purpose the management of the Schwitters to be held as investment property.

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