Keith Stout
If eight members establish $20,000 to $30,000 each in business credit, can these same eight members create a new LLC and repeat this same process? Or, does there need to be a new 8 members?
TOM – you do not need 8 members, you can start an LLC by yourself or with one or two partners. Each LLC can get $200,000 more in credit!
Keith Stout
What is the best ratio of members in an LLC be?
TOM – If I am taking members into my LLC, I like to take 2 and give each of them 20% ownership in the LLC, leaving 60% for myself.
