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Chris Thomas
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  • Columbus, OH
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Options to partner with investor

Chris Thomas
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  • Investor
  • Columbus, OH
Posted Mar 1 2024, 16:23

I currently have an LLC with a partner and we fix up multifamily homes and keep them long term. We are looking to bring someone with money to fund our deals, but don't want them to have a percentage in the existing LLC. Is there a way to merge our existing LLC with this new partner just for acouple of deals or would it just make more sense to create a new LLC with all 3 of us?

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Bruce Woodruff
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#1 Contractors Contributor
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  • West Valley Phoenix
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Bruce Woodruff
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Replied Mar 1 2024, 17:30

Create a separate LLC for the deals you do with the new partner....

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Zac Mckenzie
  • Contractor
  • Columbus, OH
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Zac Mckenzie
  • Contractor
  • Columbus, OH
Replied Mar 2 2024, 04:34

I Agree with @Bruce Woodruff, If you need further council reach out to Jeffery at Pothlaw.com.  

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Stuart Udis
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Stuart Udis
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Replied Mar 4 2024, 15:22

It depends on whether you are seeking a debt or equity partner. If you are merely looking for a debt relationship there's no need to form another LLC. If this will be an equity partner, an LLC may be the better option. It really hinges on what type of partner you are seeking.