Rental Property Investor · Portland, OR · Member since 2018 · 25 posts · 4 votes
I am forming a team/business partner to start on real estate investing, and I want to ask if we need to get some kind of formal business licence such as an LLC...or we can just do it in personal/individual level?
If you are dealing with partners, I would highly suggest creating an LLC entity AND have it include a an operating agreement that covers who does what and how you will eventually dissolve the company/dispose of the property.
Disclaimer: I am not an attorney nor do I play one on the internet.
If you are dealing with partners, I would highly suggest creating an LLC entity AND have it include a an operating agreement that covers who does what and how you will eventually dissolve the company/dispose of the property.
Disclaimer: I am not an attorney nor do I play one on the internet.