Business Banking & Finances

[Tad Fisher]

Hi All,

I am a new investor looking to make a first time purchase on a buy and hold rental property with my brother. We are investing in the San Francisco Bay Area market. 

My question is, what is the cleanest way to handle our business finances for this investment? We don't want to form an LLC because of the high cost, but do we still need to form a partnership entity with the state of CA. We want to keep things simple starting out but we also don't want to co-mingle any of our personal finances with our business finances. Any advice?

Thanks,

Tad