Advice for beginning LLCs/partnerships

[Ted Swagerty]

Hey y’all,

My best friend and (I've known him all my life/basically my brother) are starting an LLC to invest in real estate together.

We have pretty complimentary personalities and skills. I’m an electrician by trade, quite handy, etc. He is an excellent project manager. At one point, he oversaw 18 retail shops across the country for a leather goods company.

Do you have any advice for long term partnerships?

We definitely plan on getting our agreement in contract and doing everything we can to ensure a successful and harmonious business and friendship.

Thanks!