Please Advise - Starting to Flip Again With Partner
Could you please help me design the perfect setup.
I have flipped before and under an LLC and am starting to ramp back up.
I am very good at taxes and don't want a full partnership to influence all of my deductions. Therefore I was thinking it would be best to start a business and have my partner start a business. Then both of our businesses would own one company. Is that possible? If it is possible what are the pros and cons.
Another method I had thought of is a business venture together.
Thanks in advance.