Skip to main content
Message Font: Serif | Sans-Serif
No. of Recommendations: 0
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)?


Eric Hines
Print the post  


In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.