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Updated over 8 years ago,
Rental Property Business Structure
Hello All - new user, first post so please bear with me.
Two friends and myself are looking to purchase a rental property together. We will be contributing equal amounts into the down payment, duties, etc. What is the best business structure to create for the property? I assume LLC but since we will have three 'members', I wanted to ask this community. We are in Wisconsin if that matters. I know, "talk to a real estate attorney" is the boiler plate response, but let me know what you think! Thanks all, looking forward our interactions.