The company I am joining is an LLC at the moment. The founder wants me to join as a co-founder of the business and the founder has agreed to give me 15% while he has 85%. We got a partnership agreement from rocketlawyer.com and have that signed. What else do we need to do in order to formalize this partnership?
Also, I am spending money on behalf of the company. How do I officially write off this investment cost since I am not officially listed on the LLC and not associated to the tax ID of this business?
Neither of us have legal or accounting background and we dont have a lot of cash to afford a lawyer.