How to properly form a company with 3 partners.
I hope everyone is well! I was curious to see how I could go about setting up this company I have in mind. There are 3 partners. 2 partners with an MLO, and real estate license. We also have a partner with a GC license. The primary goal is to flip properties until we hit a certain level of cash. Once we hit that level we will start developing land. For all of the projects we will be using our GC's company for the repairs. They will be doing all of the renovations at a whole sale price. How would you go about structuring the company? How would you determine each persons percentage of payout they should receive? The other 2 partners would be writing the loans and selling the properties, finding deals, and bringing a majority of the cash to the table.