Edit: Thank you for your response.
My Aunt didn't decide to buy in until after the LLC was initially formed with the state, leaving me to amend the the LLC in the state of Florida now after the fact to include her as a member. She is trying to avoid anyone paying taxes on the "debt" or interest as a "loan". She will be helping with the accounting of the business, my wife will be helping with office support, and I will be handling day to day operations. I plan on meeting with a CPA in the coming weeks but this was pretty much an "on the fly" decision. If we push it out another month we would essentially lose $8-10k in profit for that month (billed behind). The assets being acquired are of an already established business (15 years in business). Would we be able to amend the Operating Agreement to state the funds from "Aunt" are of a debt? I just don't want her to pay taxes on repayment of, or payments of said capital investment into the business. Business is a multi member LLC. No S or C corp has been elected therefor is passthrough.
