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Updated almost 7 years ago on . Most recent reply

Julio Fernandez's profile image
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Julio Fernandez
  • from Hialeah, FL
  • Member since Apr 2, 2018
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Julio Fernandez's profile image
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Julio Fernandez
  • from Hialeah, FL
  • Member since Apr 2, 2018
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Julio Fernandez
  • Hialeah, FL
3
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Starting Out

Partnering with my best friend on first deal. Llc ?

Julio Fernandez
  • Hialeah, FL
Posted
A friend an I are buying a property as partners. So we need to get an llc or not ?
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Joe Villeneuve
  • #4 All Forums Contributor
  • from Plymouth, MI
  • Member since Jul 7, 2013
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Joe Villeneuve's profile image
Joe Villeneuve's profile image
Joe Villeneuve
  • #4 All Forums Contributor
  • from Plymouth, MI
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Joe Villeneuve
#4 All Forums Contributor
  • Plymouth, MI
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Joe Villeneuve
#4 All Forums Contributor
  • Plymouth, MI
Replied

Have you defined the responsibilities for each of you yet?  Don't set anything up until you have...and not in general terms.  Be very detailed.

There's nothing more unstable than a partnership made between best friends.  There are only 3 reasons to form a partnership,

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