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Updated over 7 years ago on . Most recent reply

Saj Johnson's profile image
Saj Johnson's profile image
Saj Johnson
  • from New York, NY
  • Member since Sep 28, 2016

User Stats

19
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3
Votes
Saj Johnson's profile image
Saj Johnson's profile image
Saj Johnson
  • from New York, NY
  • Member since Sep 28, 2016
Saj Johnson
  • New York, NY
3
Votes |
19
Posts
Starting Out

What is the best way to structure an LLC with multiple members?

Saj Johnson
  • New York, NY
Posted

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?)

Thanks

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