Updated over 9 years ago on . Most recent reply
Partnership Agreement vs Limited partnership
Hello fellow investors,
me and another investor own adjacent land in Minnesota town. We agreed to build a 50plex on it. My partner is willing to make 95% towards downpayment and I will make 5%. So, Partner A - 95%, partner B - 5%. Now, partner A suggests that Partner A, LLC and Partner B, LLC are created and the operating agreement is established between them. Why not establish Partner A+B, LLP instead?