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Updated almost 5 years ago on . Most recent reply

Stefan Arapovic's profile image
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Stefan Arapovic
  • from Los Angeles, CA
  • Member since Jun 25, 2017
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Stefan Arapovic's profile image
Stefan Arapovic's profile image
Stefan Arapovic
  • from Los Angeles, CA
  • Member since Jun 25, 2017
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Stefan Arapovic
  • Los Angeles, CA
6
Votes |
9
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Starting Out

Setting up LLC with a partner

Stefan Arapovic
  • Los Angeles, CA
Posted

Hi guys, would opening an LLC when investing with someone would be a way to go? We go in the deal75-25 but I would be in control. So would that be an option? Deal is in Ohio and its my first one so I would appreciate advice.

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Tanvir Sattar's profile image
Tanvir Sattar's profile image
Tanvir Sattar
  • Rental Property Investor
  • from Cincinnati, Ohio
  • Member since Apr 15, 2020
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Tanvir Sattar's profile image
Tanvir Sattar's profile image
Tanvir Sattar
  • Rental Property Investor
  • from Cincinnati, Ohio
  • Member since Apr 15, 2020
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Tanvir Sattar
  • Rental Property Investor
  • Cincinnati, OH
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Tanvir Sattar
  • Rental Property Investor
  • Cincinnati, OH
Replied

Hi Stefan. I would divide ownership of the LLC by calculating total cash investment by the members. Give each member an ownership stake equal to his cash investment. Two members contributing $25,000 apiece would each receive a 50 percent stake in the company.

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