Starting a food truck business with some partners
Ima gonna start a food truck business with some partners and when i asked to get an LLC, for inspection and other business related tasks, one of my partners straight on suggested he be the owner of the LLC and me and another one, be paid as employees. He said if one person LLC is easier to manage and 3 person LLC is a real pain due to needing an accountant and what not? Has anyone gone through the same process? What is required here and should I be concerned? Also if im paid out as employees, wouldnt it cost me more on taxes than the one who owns the LLC knowing we 3 are partners? Please give me insights?