Sample Cap Table — Fractional
Cart Fleet LLC
Entity Name: CartShare
Fleet #1 LLC
Purpose: Fractional
ownership of 20-cart fleet deployed at
Sample Golf Course
Total Fleet Value:
$200,000
Par Value per Unit:
$1.00
Total Units Issued:
200,000 Membership Units
1. Ownership Structure
|
Class |
Member Type |
Ownership % |
Units |
Capital Contribution |
Notes |
|
Class A |
CartShare LLC (Manager) |
20% |
40,000 |
$40,000 |
Management, branding, admin, and investor relations |
|
Class B |
Fractional Investors (10 total) |
60% |
120,000 |
$120,000 |
Capital investors — fractional ownership in fleet
revenue |
|
Class C |
Sample Golf Course |
20% |
40,000 |
$40,000 (in-kind use rights) |
Contributed by granting cart deployment rights,
storage, and maintenance |
2. Voting & Rights
|
Class |
Voting Rights |
Profit Distribution |
Liquidity / Transfer |
|
Class A |
2 votes per unit |
20% management fee + 10% override on net revenue |
Transferable with Manager consent |
|
Class B |
1 vote per unit |
Pro rata based on units |
Transferable after 12-month holding period |
|
Class C |
Non-voting |
Annual 20% revenue share credit or applied toward
facility upgrades |
Non-transferable without Manager approval |
3. Revenue Flow Example
Assuming the fleet generates
$150,000 annual gross revenue:
4. Investor Breakdown (Class B
Members)
|
Investor Name |
Ownership % |
Units |
Capital Contribution |
Est. Annual ROI (Net) |
|
Investor 1 |
10% |
12,000 |
$12,000 |
$7,200 × 10% = $720 |
|
Investor 2 |
10% |
12,000 |
$12,000 |
$720 |
|
Investor 3 |
10% |
12,000 |
$12,000 |
$720 |
|
Investor 4 |
10% |
12,000 |
$12,000 |
$720 |
|
Investor 5 |
10% |
12,000 |
$12,000 |
$720 |
|
Investor 6 |
10% |
12,000 |
$12,000 |
$720 |
|
Investor 7 |
10% |
12,000 |
$12,000 |
$720 |
|
Investor 8 |
10% |
12,000 |
$12,000 |
$720 |
|
Investor 9 |
10% |
12,000 |
$12,000 |
$720 |
|
Investor 10 |
10% |
12,000 |
$12,000 |
$720 |
|
Total
(Class B) |
100% |
120,000 |
$120,000 |
$7,200
total per investor |
5. Post-Distribution Summary
|
Class |
Total Distribution |
Percentage of Net |
Description |
|
Class A (CartShare LLC) |
$24,000 |
20% |
Management and oversight |
|
Class B (Investors) |
$72,000 |
60% |
Investor ROI |
|
Class C (Sample Golf Course) |
$24,000 |
20% |
Course revenue share credit |
|
Total |
$120,000 |
100% |
— |
6. Exit & Liquidation
Provisions
-
Fleet may be sold at end of
term (typically 3–5 years).
-
Sale proceeds distributed per
ownership class after liquidation of debt or liabilities.
-
Class B investors may roll
proceeds into next fleet (Fleet #2 LLC) under CartShare Syndicate
Program.
|
