We started a business with another couple in July of 2005 and do not have a signed LLC. Each of the us put in $70,000 to start up the business. Long story short, we stop working with our partners and have requested that they pay us our $70,000 back. The tax accountant who filed the taxes last year for the company did not give us a K-1, because we did not have a singed LLC. The company lost $130,000 and our agreement was that both my wife and I were suppose to 10% each. Even though there was no legal documents signed, shouldn't we have recevied a K-1?
- posted
17 years ago