So, I have successfully pitched my company to a local group of investors. They see the market need and the huge potential. At the end of my presentation, one of the investors, who owns 13 McDonalds in the local area, says, "I'm interested in investing, I'm just not interested in being part of the business. I don't want to be involved in operations, I want to make money." Others are interested as well. The company is an LLC. Can I give them a share of the profit without making them members of the LLC? Can any of you provide any advice?
I have sought legal help and will be meeting with him soon. Right now I am seeking a CPA as well. I will create an operating agreement, but I want to make sure I understand absolutley everything first. Any advice would help. We are an IT company (The IT Support Department, LLC) specializing in support small and medium businesses networks. We also have a residential division (called My Tech Team) in which we maintain and provide 24/7 tech support for home-based PC users as well. We have experienced huge growth in the residential division and have saved PC users well over 2k-3k every month. You can read more about the residential division here: http://www.mytechteam.net
and the business division here: http://www.itsupportdept.com/itsupportold
sorry about the /itsupportold. We are working on uploading our new site. Any advice, warnings, experiences, etc.?
Computer Support|Online Computer Repair|Online Tech Support