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Owning equity in LLC with another LLC
Hello, so I have all my real estate holdings in one LLC (I will call my personal LLC) where I am the sole member. I am investing with a partner 50/50 on a property, so we created a new LLC in which we have 50/50 ownership of. We will put title in the new LLC's name.
The question is, in the operating agreement, should I declare that my personal LLC has a 50% holding in the new LLC, or that I personally have a 50% holding?
I am financing the payment for the new property with my partner using funds from my personal LLC, if that helps.
Thanks