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Updated over 10 years ago on . Most recent reply presented by

User Stats

47
Posts
22
Votes
Christopher Stobbart
  • Investor
  • Franklin, MA
22
Votes |
47
Posts

Adding partner to llc ? Start a new one or add to original ? Partner needs to be on deed

Christopher Stobbart
  • Investor
  • Franklin, MA
Posted

Have a partner with much stronger credit than mine , I own current property outright but need to pull money out of it for  rehab .Was told he needs to be on deed to get loan. What do you think the best way to go about this ? Can I add him to my llc , sell him partnership-paper only ,start new llc , start new llc to absorb other llc ? Etc. Any advice welcomed and appreciated

Thanks 

Chris

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