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Updated over 8 years ago on . Most recent reply

Aziz Usmanov's profile image
Aziz Usmanov's profile image
Aziz Usmanov
  • Property Manager
  • from Fargo, ND
  • Member since May 5, 2016
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50
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10
Votes
Aziz Usmanov's profile image
Aziz Usmanov's profile image
Aziz Usmanov
  • Property Manager
  • from Fargo, ND
  • Member since May 5, 2016
Connect
Aziz Usmanov
  • Property Manager
  • Fargo, ND
10
Votes |
50
Posts
Starting Out

Partnership Agreement vs Limited partnership

Aziz Usmanov
  • Property Manager
  • Fargo, ND
Posted

Hello fellow investors, 

me and another investor own adjacent land in Minnesota town. We agreed to build a 50plex on it. My partner is willing to make 95% towards downpayment and I will make 5%. So, Partner A - 95%, partner B - 5%. Now, partner A suggests that Partner A, LLC and Partner B, LLC are created and the operating agreement is established between them. Why not establish Partner A+B, LLP instead?

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