Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Tax, SDIRAs & Cost Segregation
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 2 years ago on . Most recent reply presented by

User Stats

6
Posts
0
Votes
Arthur Nogueira
0
Votes |
6
Posts

LLC or LC between father and son

Arthur Nogueira
Posted

My question is, what’s the best best type of legal partnership between the father and son? My father soon wants to invest in Bradenton/Sarasota, FL and he has all the cash to put it down, and he will be an inactive partner. I will be the active partner doing all the management for him. I will not put any of my cash down since I already bought my property and have a little more knowledge than he does. My other questions is what is the fair percentage of this partnership in this scenario? 
thank you




Loading replies...