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Updated almost 3 years ago on . Most recent reply
![Gerardo Gallardo's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1737276/1656687694-avatar-gerardog31.jpg?twic=v1/output=image/cover=128x128&v=2)
The question that has never being asked
Of course I’m being sarcastic here. I have a question about entities. Before I ask my question, I have to say that I have spent a few days looking through the forum and even though I found really good information I haven’t found an answer that fit my situation.
I'm partnering up 50-50 to do a new construction BRRR with a Home Builder. This person has his own LLC but since he usually build and then sell the houses that works for him. My plan is to create a new LLC where we will be 50-50 partners. Is there a more tax efficient way of getting this done? Are they any implication to refinance the property after built since it will be in 50-50 partnership? I'm currently looking for a CPA to help me set this entity right from the beginning so if you have a recommendation it will be highly appreciated.
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@Gerardo Gallardo owner percentage and control are two different things
A minority partner can still have control if that feature is agreed to by the parties
So if control is your pressure point, you can maintain a 50/50 relationship with the stated understanding is that you drive the bus