All Forum Posts by: Lauren Gilliard
Lauren Gilliard has started 1 posts and replied 3 times.
Post: First deal done! First rent check in the bank!
Lauren GilliardPosted
- Chicago, IL
- Posts 4
- Votes 0
Congrats Denis!
Post: How Do My Partner and I Both Have Visibility To Profits/Expenses?
Lauren GilliardPosted
- Chicago, IL
- Posts 4
- Votes 0
Thanks for your help!!!
Post: How Do My Partner and I Both Have Visibility To Profits/Expenses?
Lauren GilliardPosted
- Chicago, IL
- Posts 4
- Votes 0
My investing partner and I both have our own separate LLCs, but we want to partner on a deal 50/50 and both have visibility to the all profits/costs/expenses in the bank account. Is it best to create a new LLC/LLP for this deal to have that visibility or is there an alternative? We have a partnership agreement in place, but in order for us to both have visibility to the bank account we need an EIN.
Any suggestions would be greatly appreciated!