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Updated almost 8 years ago on . Most recent reply
![Mario Nacev's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/603252/1621493584-avatar-marionacev.jpg?twic=v1/output=image/crop=540x540@20x0/cover=128x128&v=2)
Legal Structure for a Partnership paying cash for Rental Property
Hello All,
A friend and I will be paying Cash for a Rental property 50/50 outlay & split.
What is the best Structure for us assuming No Banks will ever be involved.
Regards,
Mario
Most Popular Reply
![Linda Weygant's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/305938/1621443128-avatar-lindaw9.jpg?twic=v1/output=image/cover=128x128&v=2)
A multi member LLC reports its profits and losses on Schedule 8825 of a Form 1065. Those amounts flow through to a K-1 which is given to each member of the LLC.
W-2/Salary would not be applicable in this scenario as this is not Earned Income. (It's passive).