NM LLC for owning share in business
Submitted by: james,
,
Age: 29
I am thinking about investing money in a friends business. Is there a reason NOT to use a NM LLC as the shareholder for my interest in this business? I plan on talking to my accountant obviously, but thought this might be a good place to start in case someone here has done something similar.
JJ Luna Responds:
An LLC is an excellent vehicle for doing business when others are involved. However, since the goal here is to make money rather than protect your privacy, I suggest you form the LLC in Oregon. Make sure to follow your accountant's advice as to the operatiing agreement.
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