@Doug_L wrote:
So are you saying that the original response to the original person's question that stated:
Yes, you can have a partner with 0% interest. There are no federal guidelines for the establishment of partnerships and therefore no minimum interest amount that a partner can have in a company.
is incorrect?
I am by no means certain what others who have replied in this thread are saying, but the answer is essentially correct in the sense that, according to the Uniform Acts that I cited in my previous post, you indeed can have a partner (or member of a multi-member LLC) with a 0% interest for the purposes of state law (at least those states that have adopted the Acts) and there are no federal guidelines (at least no federal income tax guidelines) that address that scenario.
