I am not a financial advisor but have read up on this topic. Typically you split expenses because you are 50:50 profit partners. You can write into an operating agreement one party is liable for all expenses. This party will then be able to use those expenses in their tax return as deductions.
Hi, Thank you for responding. I needed some creative thoughts. I would guess, I can change that later if the other partner will want the expenses when the LLC starts making money. What do you think if the other partner`s contribution is in the form of a loan to the LLC and they are issued 50% of the stock certificates? Will that work too?
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Hi, Thank you for responding. I needed some creative thoughts. I would guess, I can change that later if the other partner will want the expenses when the LLC starts making money. What do you think if the other partner`s contribution is in the form of a loan to the LLC and they are issued 50% of the stock certificates? Will that work too?
Hi, Thank you for responding.