I apologize that no one has responded to this queston. I'm not sure why.
1. Do I need to report money paid from me to another member of LLC as thier liability to me or LLC?
A: To you, because you took personal possession of the funds and then loaned them to another person. The funds are those entirely a personal obligation to the borrower, and the income is personal to you.
2. Are they described as an insiders ??
A: If you mean "insider" for the purposes of bankruptcy law, then under 11 USC 101(31)(A)(iii), a general partner is an "insider." Since an LLC is an entity composed of partners, then it is likely that the 2nd member is an "insider" for purposes of the bankruptcy code.
Hope this helps.
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