Even if we have an agreement that I would take up all trans to my Sch C & other person wouldn’t?
My concern is what determines who owns the business?
I also have another LLC registered under myself. What if, my brother claim his business on Sch C. Write me 1099, then I take that 1099 on my Sch C?
assuming my brother business generated $10k revenue - $10k expense 1099, he would own no tax. Then I would pay taxes on my return
