I and a fellow investor plan to start wholesaling in order to generate leads for our own respective real estate businesses as well as wholesale to make extra capital for investment.

We are wondering how to set up the entity. Should we:

Use our own respective single member LLCs?

Or

Create a partnership LLC?

The dilemma arises from the difficulty in splitting up the workload. If we form a partnership, we are bound to those terms and must split each commission in half or decide how to allocate the assignment fee based on the workload each person put in for that particular deal.

Thoughts?