Partnership Agreement / Exit Strategy /

[Drew Berman]

Hello All!

My business partner and I have established an LLC and purchased 3 rentals (10 units) over the past 18 months. Everything is going well though we have not established an actual written partnership agreement. What are some things I should put in or be thinking about? My main concern is my partner is older, and much wealthier then I, and we have completely different personal situations. I want to hold these and future purchases long term 20+ years and protect myself from a potential situation where he wants out and I am trying to buy out something I cant afford, and forced into selling what I have worked hard to obtain! Any help / guidance / food for thought is appreciated (aside from should of written up agreement in the beginning lol)

Thanks