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LLC or LC between father and son
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