Y
Yogabro
Guest
I have formed an LLC for investment purposes. I would like to have a few of my family members (5) participate in the investment but without becoming members of the LLC (for a variety of reasons)
What is an effective method for them to invest through my role as an LLC member/manager ?
A nominee designation? Is there paperwork or contract involved ?
I would receive all of their monies and this total would be reflected as my member interest. Then at the end of the investment period, I would need to distribute the monies back. What are the tax issues involved ?
What is an effective method for them to invest through my role as an LLC member/manager ?
A nominee designation? Is there paperwork or contract involved ?
I would receive all of their monies and this total would be reflected as my member interest. Then at the end of the investment period, I would need to distribute the monies back. What are the tax issues involved ?