LLCs offer a safeguard for personal assets of individual members (owners), shielding them against the company's debts, lawsuits, or liabilities. This protective barrier ensures peace of mind and financial security for LLC members.
LLCs offer straightforward compliance requirements and administrative responsibilities compared to other business structures. This allows partners to allocate more time and resources to their core focus: running their investor business efficiently.
To file a multi-member LLC, you will need to provide the following information:
Yes. An LLC can be a member/manager of another LLC, Tribevest will need the entity name and address, and the name/title of someone who can sign on behalf of the existing LLC.
Some states will require that the LLC that is listed as a member/manager be registered there as well. For the tax contact, the IRS doesn't let other entities apply for EINs anymore. Tribevest will also need to have an individual's name for that.
There is no requirement to file your Tribe's LLC in the state that you reside in. In fact, some states make it cheaper, faster, and easier to file in than others.
Keep in mind that a Registered Agent address is required in the same state that your LLC is registered. If you choose to file in a state that you do not reside, Tribevest can serve as your Registered Agent.
Tribevest is built for the flexibility of Multi-Member LLC's. When it comes to group investing, this transparent legal structure ensures the health of the group without the burden of complex legal structures and requirements.
However, we are always interested in hearing about your use case. If you think that Tribevest could work for your non-LLC use case, let us know by reaching out to email@example.com.
We recommend thoroughly thinking through your LLC name before submitting the filing. However, changing the name of an LLC can easily be done by submitting an amendment to the Secretary of State. If an LLC name change is needed, Tribevest can help submit the amendment.
Yes! Your tribe's LLC can be filed before all of your members have joined Tribevest. In fact, we encourage it, so that when your members join, you are already well on your way to being set up for investing. Once all members have joined, your Operating Agreement will detail each member's ownership stake and be the official record of ownership in your business.