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Updated almost 8 years ago on . Most recent reply

User Stats

28
Posts
7
Votes
Rob Gervais
  • Accountant
  • Grand Rapids, MI
7
Votes |
28
Posts

Partner Ship Question

Rob Gervais
  • Accountant
  • Grand Rapids, MI
Posted
Hello everyone, I’m creating a partnership with the intent to purchase a house. As many of us know, it is significantly easier to get financing in your own name as opposed to an LLC. That said, if I were to secure a loan in my name, can I add my partner to the title later? Can both names be on the loan and the title? How do I make sure that we both get to take our portion of the depreciation? BONUS: Does anyone have an Operating Agreement for a two-person partnership I can look at? Any tips on what I should include? Thank you!

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