Hello guys, My cofounder and I started working on an app about a year ago. Our startup is registered as an LLC in Florida. Currently I own 10% and he owns 90% of the company. As we started to run out of funds, I suggested that I'll inject more money into the startup and make the share split 20% and 80%. My cofounder agreed to the idea, but he said if I get more equity now I will get taxed big on that extra 10% (around 25%). He suggested that I put the money in now and wait until we get another investment and become an Inc. to get that extra equity. I feel like there's something fishy going on. Do you guys have any comments/suggestions? Thanks,
Submitted October 27, 2017 at 06:01PM by manofthehourrr http://ift.tt/2yZbZXA
