Stared a LLC but did not operate now would like to operate

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puma2108

New Member
Hello,

I am in the US on L1A visa. i started (opened) an LLC as a sole partner a year ago (Jan 08). I did open a bank account and got an EIN. But never operated the company. That is never did any transaction, nor did any business.

I have my wife on L2 and, she got her EAD. My uncle who is a US Citizen wanted to join in into the company and start operating it.

Therefore I wrote a letter to the IRS mentioning that I have admitted two new members and would like to change the status of the firm from a single member to a partnership LLC. Also elevate my uncle as the President with his SSN, along with my wife and her SSN. I asked them to re-issue an EIN number if its needed.

My questions are :

I have my GC under process from my sponsoring employer. Will this affect my GC process ?

Was the letter to the IRS the right thing to do ? I was advised to write that letter after I called and talked with an IRS executive.

Can my wife and my Uncle operate the business ? while I just remain as a partner ?
 
Since this is an LLC, you might have to revise operating agreement, talk to an attorney to draft new or revised operating agreement.
 
Ok, as a corporate attorney, first of all stay away from word "partnership", you do not want that headache on your head. Second, since there is more than 1 of you, you need an Operating Agreement and corporate documents brought up to speed.
 
As a sole partner of the LLC - can one accept payments for work in the bank account opened ?
 
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