I'm an American citizen looking to start a business with two individuals who currently hold H-1B visas as passive investors with myself as an active investor. We'd like to create a legal structure that will enable us to capitalize on investment opportunities in other ventures with either myself as an active investor and the other two as passive investors or all three of us as passive investors. Since we'll be creating a legal structure (likely an LLC) for this first venture anyway, would it make sense to also create an LP -- with myself as General Partner and the others as Limited Partners -- that in turn invests in the initial LLC as one majority owner? Our thinking is that it will simplify the ownership structure of the businesses themselves at the LLC level as well as linking our entire portfolio of investments for pass-through taxation purposes. Would the LP then have limited liability in the LLCs?
Please let me know your thoughts. Thanks in advance!