Business Entity Formation for Real Estae Investing

[Matthew Haralson]

My brother and I are partnering on a real estate investing company. I am looking for advice on what business structures work best for different types of real estate investing, and recommendations on good accountants and attorneys with experience in this field that I could schedule a sit down with. I am in the Oklahoma City area while my brother who I will be working with is in the Memphis area. Will the partners being located in different states complicate things? Any information would be appreciated.

[Greg Dickerson]

@Matthew Haralson being in separate states is not an issue. You need to set up an operating company LLC that the two of you will be members. The detail of your partnership will be spelled out in the operating agreement and partnership agreement.

You need to make sure you guys decide on the roles and responsibilities each of you will have and how capital contributions and securing any financing will be handled before you meet with the attorney. You should talk to 

@Scott Smith with https://royallegalsolutions.co...