Pooling family funds... create an LLC?
My sister has expressed interest in providing capital to buy a multi family in our area. For those out there that have made similar investments with family, did you invest under an LLC or under your own name? I'm leaning towards creating an LLC for the sake of using an operating agreement to avoid any issues that could arise in the future related to equity ownership or investment decisions. With that being said, I keep reading on BP and elsewhere that using an LLC is not worth it to many investors (particularly young investors without many assets they'd need to protect). At the end of the day, I'm wondering if my logic in wanting to go the LLC route is sound or if my case is not different from that of every other investor out there that is doing business under their own name. I'm also aware that the money would have to be seasoned under my name if we go the personal route. Thanks in advance to anyone out there with advice!