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Updated over 6 years ago on . Most recent reply

Partnership Structure
I have an LLC currently for investment properties. I'm interested in partnering with someone else and buying/ hold rental property. Do we need to create a new LLC or can My LLC partner with him personally to buy a group of houses?
Must he have an LLC to partner with my LLC or would his LLC just be a protection barrier in litigation?
Thanks,
Aaron
Most Popular Reply

@Chip Cogan I ended up recommending he buy the properties on his own. I didn't feel right being a partner that doesn't put in cash or does the work. He just wanted me for my insight.
Instead we have lunch and coffee together and I guide him through whatever he comes up against. :)
Sorry I can't help more.