Updated over 6 years ago on . Most recent reply
How to partner with friends/family as LP in a Syndication Deal?
Hi Team,
I searched several keywords across BP and couldn't find an answer to these questions.
I have several friends and family members who want to invest along with me as an LP in Syndication Deals.
1) How should I structure it so that 1 company is investing as an LP (either an S-Corp or LLC), and other friends/family members are investing in my S-Corp/LLC?
2) What is the best way to pass on the distributions (pref returns), and year-end K1 back to friends/family?
Thanks in advance!
Regards,
Dhruv
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#2 Land & New Construction Contributor
- Developer
- Charlottesville, VA
@Dhruv Anand you need to make sure they are all qualified investors first and have them fill out the proper qualification forms. The best thing to do is speak with a securities attorney and let the guide you and help you decide the proper structures. Jillian Sidoti at Crowdfunding Lawyers is one of the best in the business.