Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Goals, Business Plans & Entities
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 8 years ago on . Most recent reply

User Stats

1
Posts
0
Votes
Jared Malcolm
  • Webb City, MO
0
Votes |
1
Posts

New from MO and business formation question!

Jared Malcolm
  • Webb City, MO
Posted

I'm a new member from Missouri! I've been listening to the podcast and have learned quite a bit from it already! I've done most of the repairs on a house that I care to do (basically anything that doesn't involve heights and/or structural issues).

My initial question...

My stepbrother and I are getting ready to purchase our first house as a flip. We both individually have an LLC for separate business reasons. I do software development and he has a single rental.

Does anyone have any guidance on the best type of business entity to setup with what we already have in place? Should we set up a partnership between the two LLC's (is that an option)? Should we setup a new LLC with both of us as owners? While I'm guessing (from a quick search) that there are similar questions on BP, but I didn't see anything specific to Missouri and didn't know if that would have any gotcha's that I should be aware of?

Thanks,
Jared

Loading replies...