How to structure branches of our business

[Michael Ablan]

Hey guys,

We are currently building out the different arms of our business, but I'm kind of stuck on how I should do it.

Current Setup

Currently we have a partnership LLC that holds all of our personal real estate. It also manages the portfolio. We also run our fix and flip in this LLC, and pay the full 15% self employment tax on profit (dumb, I know). It's owned 50/50 by my partner and I

I also have a Real Estate Brokerage where I'm 100% owner. This Single member s-corp LLC buys and sells real estate for the public. It represents my partner and I when we buy/sell real estate for the LLC we own together.

Future plans

We are going to open our doors to managing other peoples rentals.  

We do almost all of our own work.  We want to offer the construction arm to clients who hire us to manage their properties.

The Dilemma

I feel like it would make the most sense to do the property management under my real estate sales brokerage because I'll be building and advertising heavily with that brand.  However, it doesn't make sense to bring my partner on as an owner to the brokerage portion of the business.  Would it make sense to make a child llc that does management and bring him on as a 50/50 partner in that?   

As for the construction business.  We do a majority of our own work on our rentals and fix and flips.  Should we make an S-corp that  does fix and flips and construction, and have the property management & holding company hire that company to do the work on the rentals?

A part of me thinks I'm making it more complicated than it needs to be, but I also think structuring this properly will make everything more clear, especially when it comes to properly showing #'s to new clients and investors.

Any insight on how people do this would be amazing.