How LLC works?
Hi
Trying to rap my head around this.
Let's say that there is an LLC established and we have completed a few deals. What if one day a member of the LLC wants to leave for whatever reason how would he get out and what impact will that cause the other members?
Also, if I have a partnership with one LLC group and decide I want to be a silent partner with another investor will I a new LLC be required?
Lastly, the profits from the investments go into a LLC account prior to disbursement. How are the taxes paid from these earners? In other words, would each of us get some kind of tax return?
Thanks!
Armand