My question involves business law in the state of: New Jersey
Hello, We are starting a business where 1 member(a) has money to invest, and the other two members (b&c) have some, but not alot to invest.
The two that are not well funded will be running the majority of the operations.
Is it better for a member (a) to lend money directly to the llc for start-up funds, and pay him back from the LLC with personal guarantees from (b&c) or lend directly to the other two members (b&c), so in turn, they can use that money to capitalize/fund the llc?
Ultimately all three members will be equally invested in the llc.
Thanks in advance for your thoughts.