Business Structure for Multifamily Syndication
I'm looking to move into multifamily syndication and wanted to see what type of business structure I would need in order to raise money for deals.
I know there is a lot that goes into that and I have been speaking to a securities attorney about how to proceed with legal documents for investors.
But basically, I wanted to see if this can be started as an LLC or if it needs to be some sort of corporation.
I appreciate any advice and feedback!
Most Popular Reply
LLC will likely be what you use. Generally, there is an LLC that owns the property and investors are buying shares in that LLC. I wouldn't worry about setting up that LLC until you get a deal under contract. Because legal docs for the offering don't kick off until you have the deal identified either way.