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I think it can, but the sale counts as a liquidity event, which means the LLC's members must pay taxes on the income they derive from the sale. That's why you h
by gcv 17y ago
I think it can, but the sale counts as a liquidity event, which means the LLC's members must pay taxes on the income they derive from the sale. That's why you have to get bulletproof tax advice. In addition, there may be issues with securities laws, so you also need an expensive lawyer experienced in dealing with this problem.
- gte910h 17y agoSecurities laws are mostly about the sale of public companies and the purchases of public companies.
- watchandwait 17y agoSecurities law governs all corporate fundraising including angel investing in privately held companies.