New from MO and business formation question!
I'm a new member from Missouri! I've been listening to the podcast and have learned quite a bit from it already! I've done most of the repairs on a house that I care to do (basically anything that doesn't involve heights and/or structural issues).
My initial question...
My stepbrother and I are getting ready to purchase our first house as a flip. We both individually have an LLC for separate business reasons. I do software development and he has a single rental.
Does anyone have any guidance on the best type of business entity to setup with what we already have in place? Should we set up a partnership between the two LLC's (is that an option)? Should we setup a new LLC with both of us as owners? While I'm guessing (from a quick search) that there are similar questions on BP, but I didn't see anything specific to Missouri and didn't know if that would have any gotcha's that I should be aware of?
Thanks,
Jared