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    yogabro's Avatar
    yogabro Posts: 2, Reputation: 1
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    #1

    May 18, 2008, 04:12 AM
    A creative solution needed
    I have formed an LLC for investment purposes. I would like to have a few of my family members (5) participate in the investment but without becoming members of the LLC (for a variety of reasons). I would receive all of their monies and this total would be reflected as my member interest in the LLC. Then at the end of the investment period 1-2 years, I would need to distribute the monies back.
    What is an effective method for them to invest through my role as an LLC member/manager ?
    A nominee designation? What paperwork is involved ?
    A loan structure ?

    What are the tax issues involved ?
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #2

    May 18, 2008, 05:40 AM
    Have you considered a separate LLC to be formed as an investment company, which would then be paid back at a varible interest depending on activity of the original LLC.
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