If I form a LLC with my husband and my 18 month old child (as a silent partner) -- does this satisfy the multi-member LLC requirement?
In most states the members of the LLC are required to be a live person over the age of 18. A minor can own an interest in an LLC through a custodianship account or an irrevocable trust. An LLC can own an interest in an LLC. You are going to want to verify with the IRS to see if your minor member is enough to satisfy the requirement. The IRS toll-free business hotline is (800) 829-4933.
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What is your first step? Simply choose which of the following two options applies to your business:ALREADY INCORPORATED in the state of Nevada? 2015/08/15 - Your annual fees increased from $325 to $650, and that’s not including the Commerce Tax if it applies to your business! Further, you will now be required to file your tax return with the NV Department of Taxation with June 30th as the fiscal year, not the calendar year! Review these changes with your tax advisor immediately! If you choose to re-domicile your corporation in another state, MyLLC will file the re-domestication paperwork for you!
MyLLC is committed to assisting you in this process but you must contact us today!Call us toll free at 888.88.MYLLC or fill out the contact form so one of our experts can help you.