Hi everyone, I was looking into starting an LLC for the purpose of flipping properties.
This LLC would be with 3 different members all who would be putting in different amounts for each flip.
My question is, what is the best way to structure this and secondly, how does taxes work? (is this the best way so that each person pay taxes on their own using a K-1?)
Hi @Saj Johnson It is nicely explained in the book, 'Start Your Own Corporation,' by Gary Sutton.