From your description it sounds like you would either be a Multi Member LLC using Partnership taxation, or just a Partnership. Your state might have other entity types too, it might be good to run it by a local business lawyer.
Rules vary, but usually states require both LLCs and Partnerships to register if they are conducting business, so there probably isn't much simplicity to be found in going with just a Partnership rather than an LLC, and you'd still be filing the same returns at the Federal level either way.
Rules vary, but usually states require both LLCs and Partnerships to register if they are conducting business, so there probably isn't much simplicity to be found in going with just a Partnership rather than an LLC, and you'd still be filing the same returns at the Federal level either way.
Statistics: Posted by MP123 — Fri Aug 09, 2024 12:01 pm — Replies 1 — Views 384