Thanks for all the feedback.  Bob...I would agree if I had not already been involved with many projects with him, and this was just a natural to come together.

I think the LLC is there only as a point of being a business for selling the products.  Would you buy from Alan Smith, or from DigiDesigns, LLC ?  Sounds a little more legit when its a company...or maybe not.


--- On Mon, 5/11/09, Vitaliy <spam@maksimov.org> wrote:

> From: Vitaliy <spam@maksimov.org>
> Subject: Re: [OT] Business: LLC, Partnerships, taxes, etc (USA)
> To: "Microcontroller discussion list - Public." <piclist@mit.edu>
> Date: Monday, May 11, 2009, 4:36 PM
> Bob Axtell wrote:
> ==========
> I'd get my money upfront. If you have an arrangement
> like this, you
> will be forever wondering
> if you are being screwed... and you probably are...
> ==========
> 
> Alan said that his investment in the board is minimal
> ($10), and that he's 
> been partners with this company for a while -- so I assume
> there's quite a 
> bit of trust in this relationship.
> 
> The ultimate source for this sort of advice is definitely a
> tax attorney, 
> but in my opinion there is absolutely nothing wrong with
> the proposed 
> arrangement, as he described it.
> 
> Vitaliy 
> 
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