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I need advice on how to structure an LLC between two members…

Hi, I need advice...

Hi, I need advice on how to structure an LLC between two members opening up a fourth location of a coffee shop. The first 3 locations are under one c-corp. The 4th one will be a new LLC. One of the members of the new LLC is the owner of the c-corp that will be transferring a license to use the name of the c-corp to the new location (LLC).

Lawyer's Assistant: Can you tell me what state the LLC is registered in?

NYS

Lawyer's Assistant: Has anything been officially filed? If so, what?

No

Lawyer's Assistant: Anything else you want the lawyer to know before I connect you?

No, how much does this cost? thank you

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3/15/2018
Damien Bosco
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I understand you want to open an LLC with two owners and then use the name of the other c-corp. Is that correct?

Damien Bosco
Damien Bosco, Attorney
Category: Business Law
Satisfied Customers: 4,198
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Customer reply replied 1 month ago
Sort of, I want to form an LLC for the fourth location of a successful coffee shop in Brooklyn, NY. The owner of that coffee shop is going to partner with me on the 4th location. I am going to put in 80% of the capital, oversee the lease, security, buildout, etc. He is going to put in 20% of capital in the form of equipment. I don't think he wants to be a member of the LLC. Should he be when a file with the state? If not, I'm guessing it's a license deal for that one shop term is throughout the life of the shop? Is there a way to treat him as an owner without actually being on the LLC by issuing him some sort of profit sharing in exchange for the equipment. And then I guess the license is free to use.
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