LLC on a JV Deal

[John Citro]

I have my LLC already set up, however looking to do a JV deal(fix/flip) with some other investors. Is it easier to add them under my LLC(if needed) or would you recommend setting a completely separate LLC for any deals that we do together!

Thank you in advance for your responses! 

[Princess Henderson]

well if you don't have any other propert ies already under that LLC then go ahead and use it. The catch is if you have other properties in that LLC already they can become part of any lawsuit on the JV property. The purpose of the LLC is protection but anything under each LLC is fair game collectively if that makes sense!