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Updated almost 5 years ago on . Most recent reply

User Stats

73
Posts
42
Votes
Steve Cheslock
  • Specialist
  • Charleston SC
42
Votes |
73
Posts

JV Ownership Structure Question

Steve Cheslock
  • Specialist
  • Charleston SC
Posted

I have a small mini storage project and raising $165K equity from mainly friends/family/inner circle. I'll probably have 7-9 investors coming in to raise the entire $165K. Is this scenario is the structure as simple as creating an LLC and having myself and all the investors own a piece of the LLC or with this many people am I looking at some structure with a little more complexity? I'll be talking to an attorney tomorrow but just wanted to see what my options are.

It's a 55/45 equity split if that makes a difference.  Thanks.  

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