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Does an LLC mgr owning 0% shares file?
My father recently opened a small business LLC and listed me as a member (manager) so I think this makes it a multi-member LLC. While he owns 100% of the shares, i'm concerned I'll still be responsible for filing taxes even though I will not be making any money.
I don't get paid, I will not receive any part of the profits he just listed me. Would it be better to amend the articles and remove me or it doesn't hurt?
Info on me - married filing joint and have a regular 9-5 W2.
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‎February 18, 2021
6:05 AM