Tips for Creating an LLC

[Ben Sylvester]

Good morning everyone!

I am wondering if there is anyone out there who would be interested in mentoring me to help build upon my understanding of forming a Limited Liability Company. 

A bit of background about myself: I am a 22-year-old Data Engineer living/working in Southern NH. I just recently closed on my first house hack (duplex in Nashua, NH) and have really enjoyed the whole process. Now that I have my rental income covering the monthly P.I.T.I. I have begun thinking about my next deal. I've spoken with a close friend of mine who is very interested in partnering up and purchasing either a fix & flip or long-term rental property. We have been talking about this for some time now, and are getting ready to take action. 

I have a few questions about the process of forming an LLC, the "roles" that each partner takes in the company, and what goes into a written partnership agreement. I would really appreciate speaking with anyone who has experience with limited liability companies. I have read a bit about the pros and cons, but I feel like I'm at the point now where I should start taking action and digging deeper into the logistics.

Please feel free to reach out to me directly or make a comment on this post if you have any references or links to helpful resources. 

Thanks so much,

Ben Sylvester