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Updated over 10 years ago on . Most recent reply

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DJ Cummins
  • Rental Property Investor
  • Bethalto, IL
103
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319
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llc

DJ Cummins
  • Rental Property Investor
  • Bethalto, IL
Posted

So we are still up in the air about starting an llc.  We plan on meeting with an attorney this week.  Any advice would help.  four of us as equal partners.  Looking to buy our first property soon and hopefully add one per year.  Any advice???

Most Popular Reply

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368
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Mike M.
  • Longview, TX
131
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Mike M.
  • Longview, TX
Replied

I think it would be wise. You and your partners should spend a lot of time developing the operating agreement and company policies. I would imagine things could get difficult with four opinions of equal weight.

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