If I’ve started a real estate investment business and am the sole member of an LLC, is the co-signer of a loan entitled to any interest in my business for immediate/future property acquisitions?

If I’ve started a real estate investment business and am the sole member of an LLC, is the co-signer of a loan entitled to any interest in my business for immediate/future property acquisitions?

For my initial property purchase I have utilized a cosigner on a small personal loan. I intend to pay down the loan as soon as I am able to liquidate an asset.

Asked on September 4, 2015 under Business Law, Louisiana

Answers:

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