New Topic
Post Reply
Follow Topic
HELLO! i have a question I am starting a business and want to form an LLC. i live in florida there will be 3 owners of the company. the business will be in florida but the other owners live in california. how can i do this? will they need to live in florida also? and how will this affect them on taxes if they currently are employed?
You need to consult with an attorney/ tax professional. The fact that owners of an LLC will reside in California presents some "special' challenges - which might cause you to reconsider your choice of structure.
If you wish to discuss your specific situation in confidence, feel free to drop me a PM or contact me directly.
you are going to need a Florida Multi-Member LLC Operating Agreement
http://www.ellcoperatingagreement.com/Florida-Multi-Member-LLC-Operating-Agreement.htm
I hope this helps
My understanding is that it dosen't matter which state a shareholder of an LLC resides in, but the Operating Agreement will need a clause which discusses that fact.
itmanishman,
Your understanding is correct - but incomplete. While it is generally true that, from an ownership standpoint, it doesn't matter in what state a member (unit holder) resides - since an LLC is a pass through structure, for tax purposes and considerations, it can make a BIG difference.
Post Reply
