If you’re starting a business or bringing on a partner, the type of LLC you choose matters more than people think. Single-member = simple taxes, full control. Multi-member = partnership rules, operating agreements, and K-1 reporting. This quick breakdown will help you avoid legal and tax headaches later. | Crowdfunding Lawyers | Facebook

1.1M views · 22K reactions | This is How I Setup my Partnerships. First you need to form an LLC, taxed as an S-Corp. Then when you want to work together, form a new LLC where each of your companies is a 50-50 partner. This way, when the sales come in, you can pass the money to each other, enjoying your own fringe benefits and tax savings from your own S-Corp. If you want to know why look up “Pro Rata” Follow me to see more business-related content like this | Vanader | Facebook