I am inquiring about an LLC-owned property that I am renting. I, along with my three brothers, are owners of the LLC.
My parents bought the house originally but then the LLC bought the property and house that the property is on.
Could anyone tell me if it is legal for my dad to charge me rent for the property that I am renting? Wouldn't any profit from my rent go to the LLC holders, myself included?
Would this differ in certain states or is it the same across the board?
Any help would be greatly appreciated.