Tagged Questions

6
votes
3answers
197 views

Is a 50/50 equity split without 50/50 control a doable and wise thing?

I've found a great partner for my second tech startup, and want to structure this one better than the first, which made money but eventually got ugly due to poor choices my younger self made along the ...
1
vote
2answers
117 views

Splitting up revenue

My partner and I decided to split up a partnership (things just weren't working out between us). We have some apps on the market that are still generating revenue, we decided the best thing to do was ...
2
votes
1answer
50 views

Is there a way around a partner paying additional income tax in an acquisition?

I'm interested in bringing on a partner (for his development abilities) for a site I'm working on. I already have an LLC and would prefer to keep this site under that LLC. Then, I'd offer in a ...
1
vote
2answers
200 views

Switching from a partnership to an LLC

I started my company as a General Partnership - partly to avoid fees while still ramping up, and partly because I wasn't foreseeing large revenue in the intial year. Time went by, and now I need to ...
1
vote
3answers
395 views

Can an LLP be formed as a wholly owned subsidiary of a UK company?

I'm currently researching how to go about creating a US subsidiary of a UK company. One of the people involved in the business wondered if it would be possible to use an LLP to do business in the US. ...
3
votes
1answer
478 views

Tax implications for buying out my LLP partner?

I am buying out my co-founder of our 3 year old company that we started as a hobby/second job. We are profitable (although you definitely couldn't live off the profits alone!). Anyway, we've ...
4
votes
3answers
3k views

Multi-Member LLC - question setting up my EIN

Thanks in advance for any help answering this question. I have already set up a multi-member LLC in New York State. I attempted to register for an EIN as an LLC but was told by the IRS that I would ...