How to partner with friends/family as LP in a Syndication Deal?

[Dhruv Anand]

Hi Team,

I searched several keywords across BP and couldn't find an answer to these questions.

I have several friends and family members who want to invest along with me as an LP in Syndication Deals.

1) How should I structure it so that 1 company is investing as an LP (either an S-Corp or LLC), and other friends/family members are investing in my S-Corp/LLC?

2) What is the best way to pass on the distributions (pref returns), and year-end K1 back to friends/family?

Thanks in advance!

Regards,

Dhruv