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Updated about 8 years ago, 10/31/2016

User Stats

120
Posts
57
Votes
Joe Au
  • Investor
  • Draper, UT
57
Votes |
120
Posts

Utah LLC funded by international investors

Joe Au
  • Investor
  • Draper, UT
Posted

I have several family members want to fund my deals in the State. What is the best way to do that?

Should I just borrow their money and wire to my personal account, then I transfer to my LLC? (they don't care if they are on the title or not)

Or open an LLC, and have them be the member of the board.

And how would they be taxed for the profit?

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