I may be investing/taking a partnership role in an LLC whose principle place of business is California and which is registered in Delaware. I'm a Texas citizen.The company is not now a sole proprietorship; they have three partners already. I'm still working on their Fed tax filing election.For what tax ramifications should I be alert from a partnership perspective?What other questions should I be asking (you can see my ignorance on the subject)? What pubs should I be reading?Might there be a better relationship to establish from a purely tax perspective (assuming the investment perspectives are a wash)?ThanksEric Hines
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