Updated over 5 years ago on . Most recent reply
JV Ownership Structure Question
I have a small mini storage project and raising $165K equity from mainly friends/family/inner circle. I'll probably have 7-9 investors coming in to raise the entire $165K. Is this scenario is the structure as simple as creating an LLC and having myself and all the investors own a piece of the LLC or with this many people am I looking at some structure with a little more complexity? I'll be talking to an attorney tomorrow but just wanted to see what my options are.
It's a 55/45 equity split if that makes a difference. Thanks.