Hi Jennifer, I'm reading your book with great interest since I have several ideas for starting companies which seem to be a perfect match for an LLC. One scenario that I have a question about though is I'm going to be investing a reasonable amount of money (in addition to providing a loan) in someone else's company to help him out with startup capital. I wasn't sure if it would be appropriate and/or beneficial to create an LLC myself for the purpose of having my company invest in his and holding the loan or just doing this as a personal transaction with his company. By the way his business is in Maryland. What are your thoughts on this? Thanks very much for your time.
A lot of investors form Limited Liability Companies (LLCs) for the purpose of making investments. They use the LLC to help protect personal assets; this is important especially if the investment involves debt. You may also want to think about filing the LLC in a tax haven state. You can go to our page on Which State to Form LLC to learn more about what state to form your LLC in.
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