zinfamous
No Lifer
- Jul 12, 2006
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Yeah, this might be the best idea yet, will let our lawyer figure it out!
I could be talking out of my ass because I don't know if any of that is true--but borrowing from what was posted earlier, the NY people recommended setting up an LLC, because NY law only allows 10 cheques cut from the lotto for each winning ticket.
So, the earlier idea that splitting and taxing once is probably best; may not work. Depends on what Minnesota allows, though.
However, if there is real incentive to set up an LLC, that may be the way to go.