Updated over 7 years ago on . Most recent reply
Partnering with my best friend on first deal. Llc ?
A friend an I are buying a property as partners. So we need to get an llc or not ?
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Joe Villeneuve
#5 All Forums Contributor
Pro Member
#5 All Forums Contributor
- Plymouth, MI
Have you defined the responsibilities for each of you yet? Don't set anything up until you have...and not in general terms. Be very detailed.
There's nothing more unstable than a partnership made between best friends. There are only 3 reasons to form a partnership,