Hi,
I have a specific question. My dad is planning to setup an LLC in USA. To make things easier for him, I am planning to be a member of the LLC. I DO NOT PLAN TO WORK.
I need advice from some experience knowledgeable expert on things I need to be cautious about and not lead myself into trouble.
The way LLC is going to be setup is
- Texas LLC
- Two members- Myself and My dad ( Non Citizen and resides in India).
-LLC managed by Managers who will be my Dad.
I need to have my name on the LLC for various reasons- Investment, do basics like opening bank account in USA and do any paperwork help needed to get it started.
I am on H1b
Would like to know things I need to take care so that I do not lead myself in trouble.
Pls guide.
I have a specific question. My dad is planning to setup an LLC in USA. To make things easier for him, I am planning to be a member of the LLC. I DO NOT PLAN TO WORK.
I need advice from some experience knowledgeable expert on things I need to be cautious about and not lead myself into trouble.
The way LLC is going to be setup is
- Texas LLC
- Two members- Myself and My dad ( Non Citizen and resides in India).
-LLC managed by Managers who will be my Dad.
I need to have my name on the LLC for various reasons- Investment, do basics like opening bank account in USA and do any paperwork help needed to get it started.
I am on H1b
Would like to know things I need to take care so that I do not lead myself in trouble.
Pls guide.