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Personal effects of owning an LLC

My fiance has a degree in baking and pastry and what's nothing more than to start a bakery. As a way to show her my support, I was thinking of buying the LLC for her for Christmas. Are there repercussions that this could bring? Will I bescrewing her come tax season for trying to be supportive?

| 👁 738 | Posted November 24, 2018 | Share on Facebook | Twitter | Google+

| Modified: November 24, 2018 | Author:

4 Comments

Tech4biz 5 months ago

Great idea for a gift, but not as a surprise. You will pick a name and she has to live with it. Perhaps you can involve her and make it fun experience for her? Consider trademarks and stuff, just don't pick a name someone else has already taken. I don't think spending money on account and lawyers is necessary. But accounting knowledge helps to maximize the tax benifits.

Dacoderz 5 months ago

Unlucky. Guess it won't be too much of a surprise if it worked out then eh

Dacoderz 5 months ago

I understand the other 2 but why a lawyer? Is there legal backlash that could come from this?

Sphinx3peat 5 months ago

Id suggest talking to her first, then to a lawyer, then to an accountant. Even though there are many people here with the experience to give you advice, nothing beats consulting professionals.


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