Saturday, July 16, 2011 9:40pm
I am setting up an LLC that will have my adult children as members. I understand this needs to be set up as a partnership. Is this correct? After the RV, what will my children need to do for taxes? I understand a 1065 return has to be filed. Is only one filed by me as the manager, or are my children responsible for additional tax forms as well? Thank you
