FAQs

JV LLC is registered with the State of Texas and IRS JV LLC Bank Account is opened for business JV LLC Operating Agreement is signed by shareholders JV LLC Shareholders have access to all documents JV LLC Shareholders vote on all major decisions JV Managers are paid fees as approved by members Each JV LLC Shareholder is also loan guarantor Managers are responsible for managing the JV LLC as per the Operating Agreement Taxes are filed every year Shareholders receive K-1s to assist in their tax filings JV LLC is dissolved after property is sold

LLC Structure protects personal property and assets from inside liability (lawsuit on the LLC) LLC Structure protects LLC property’s assets from outside liability (lawsuit on a member)