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Updated over 5 years ago,
Partnership Structure Advice - 3 Members
Hi everyone - had a quick question regarding partnership structuring.
Including myself, I have 3 partners and we are looking to invest ~$100K. Finally taking the leap!
If we are equally contributing capital, is their a partnership structure that would make sense for asset protection and tax purposes? This would be our first purchase but perhaps down the line we would accumulate 2, 3, 4 properties (so maybe answer depends on time frame)
Also, if one of the members if THE key operator, is their a way to get the economics to work, or would you expect equal sharing of profits (i.e., 33.3% each)? Curious about any precedents and what people have seen / are doing.
Thanks!