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Updated about 5 years ago,
Syndication questions, where to start.
I've been listening and reading about syndicating and don't know really what the first step should be. One article here on BP says they're usually structured LLC's or LP's. I've set up quick LLC's in online in my state no problem so where is the line between a normal LLC and Syndication? I'm guessing it's when there's money pooled from passive investors? So do I just need a limited partnership agreement written up by a competent attorney who understands syndicating or what should my first step on that front be? I want to make sure I have my paperwork in order before I go get myself in trouble:)
Side note so people know how to respond, I am not new to investing, or raising money partners one per deal, just looking to step it up a notch so I can get into a bigger playground.
Thank you!