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Updated over 11 years ago,
How to file my business
I have been looking through the topics within business filings and I haven't found a specific answer to my situation. Here's what I want to do but I'm not sure how to set up for maximum benefit to me and those who invest with me.
We are in Idaho, currently trying to buy in Washington and Idaho state to start but do not have the business filing done yet. The business involves me and my husband. We can file as a LLC as a disregarded entity because idaho is a community property state. Should we file a business and if so, how? We have some people that would like to invest, one in particular is a single person that makes 200K a year and does not have expenses or a business. She would like to help us with our first few deals but is unsure how to do so and still reap the benefits and stop paying nearly 50% on her wages. We would prefer to not have investors become part of our business entity.
Any ideas how to set this up for our benefit and theirs???
Thanks!