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Nominee designation as a solution ?
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 ? |
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