| which is a better way to move/setup a company from a tax planning perspective part 1
Existing llc1
Single member llc w/assets, ein, bank account
Pass thru standard llc no special tax treatment
New LLc2
Partnership, ein, bank account
Schedule C - llc will file separately from members
moving states/setting up - new state - new company which will add investment partners. New partners will add capital after joining partnership and are expected to leave once capital investment is repaid. Should the partners be added when new company is formed or after? Pros/Cons of new company buying existing company?
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Hybrid Mode
