Legal Question in Business Law in Indiana
I will be starting a LLC or a sole proprietorship in the US, but I will be taking help of a consultant from India. I want to share 50% of profits from my company with him for his services. Is this simple as transferring the money to him or is there any process that I have to follow?
Asked on 2/20/13, 1:59 pm
1 Answer from Attorneys
Kenneth Wilk
Rubino Ruman Crosmer & Polen
There are processes for you to follow, both for legal and tax purposes. You had best seek the advice of an attorney i setting up your LLC and have an accountant review your proposed financial arrangements.
Answered on 2/21/13, 5:06 pm
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