The question I'm running into is as follows
Will+Wife own 50% each of the LLC started in Florida. I will be buying out my parents tangible and intangible assets of their business. My Aunt wants to buy into my LLC to help with Capital to purchase my parents tangible and intangible assets from their business (Operating agreement will state Will 50%, Wife 25%, Aunt 25% after Capital Investment). Aunt will be listed on the amended LLC in the state of Florida. If she invests into the LLC with said Capital will she be taxed if she is simply repaid the Capital invested by the LLC over the next 5 years until Capital is paid off? My assumption would be she gets taxed if she receives any payment over the capital invested? All terms and agreements would be in the Operating Agreement of the LLC with exhibits. Aunt is not looking to "write off" said Capital Investment she is just trying to avoid anyone being "taxed" on the transfer to the LLC and repayment back to her. Aunt is not 100% concerned about being repaid the entire amount mainly only 10% of the amount invested in the next year.
Thanks in advance for any answers. If you have questions in regards to my question I will answer ASAP. We will be closing the asset agreement tomorrow.
