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LLC formation with Partner
I am planning to begin real estate investing by forming a partnership with a family member - my brother in law.
Neither of us has established an LLC for these purposes yet.
I am trying to decide which would be better:
1) for us each to form our own LLC individually, where one is the owner and the other an investor, or
2) we form a single LLC as partners.
I would love to hear thoughts on potential pros and cons of each, or possibly other alternatives.