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My question is about LLC formation. Its not yet registered.
We are 4 business partners, one is a US citizen and other three are foreigners (Not legal US residents). Do we need to give the 4th partner (the US citizen) more than 50% of the company in order to operate and have a local company bank account? As originally we had decided of 40% (the US Citizen) + 20% (other 3 each). But our partner is suggesting otherwise that we will have to give him more than 50%.… read more
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Hope you are well. I'm running this by a CPA, but also
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The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

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