This is incredibly helpful! Thanks so much for providing some clarity to this otherwise murky situation!

1) Organized in FL2) We simply split the startup costs down the middle...so no actual contributions into an account, but rather divided expenses 50/50. In other...

Got it, sorry for the confusion. In 2016, we were registered in VA and had some online apparel sales there, but not enough to be profitable and split the losses...

Yes, as a 50/50 owned LLC partnership.