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Updated over 8 years ago, 03/08/2016

User Stats

127
Posts
12
Votes
Armand P.
  • New to Real Estate
  • San Mateo, CA
12
Votes |
127
Posts

How LLC works?

Armand P.
  • New to Real Estate
  • San Mateo, CA
Posted

Hi

Trying to rap my head around this.

Let's say that there is an LLC established and we have completed a few deals. What if one day a member of the LLC wants to leave for whatever reason how would he get out and what impact will that cause the other members?

Also, if I have a partnership with one LLC group and decide I want to be a silent partner with another investor will I a new LLC be required?

Lastly, the profits from the investments go into a LLC account prior to disbursement. How are the taxes paid from these earners? In other words, would each of us get some kind of tax return?

Thanks!

Armand

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