Recent Answers to Limited Liability Company Agreement Law Questions

David H.

Answered Mar 18, 2022

Hello, I am a Michigan licensed attorney. The business formation structure you choose will impact your taxes and also protect you from liability depending on the structure. A limited liability company can be set up in multiple ways from a sole proprietor to a multi-member company. And it can be taxed in one of three ways as a pass-through tax, as an S corp, and as a regular Corporation. This all depends on how you choose to set it up. Please let me know if you would like assistance in setting up your LLC that is a service I can help with. There are State filing documents, setting up a tax ID number with the IRS, then setting up an operating agreements. Those are some of the basics. I can walk you through those or I can do the work for you to set up the agreements and file the paperwork. Please let me know if you're interested in utilizing my legal services. Thank you for the opportunity answer your question. Attorney Dave.

David H.

Answered Mar 18, 2022

Hello, I'm a Michigan licensed attorney. I also research and invest in Bitcoin another cryptocurrency. It looks like your question has a couple of facets to it. One being protecting your personal finances from cryptocurrency losses, but also including them in a future investment tool such as an IRA. There are different tax consequences depending on how you you move forward and what structure you choose. I can help you with this. Depending on how you choose to move forward emails from you an accountant / tax attorney.

Jaren J.

Answered Feb 25, 2022

The transfer of LLC member interests are done via written agreements signed by all parties. They are internal to the company and not recorded anywhere. You don't need to be in the US to accomplish the transfer. Depending on how the transfer is done, there shouldn't be any tax implications.