How to structure a deal with a 10% partner?

[Lance Cummins]

Hi BP,

I am looking at doing my first commercial deal and my brother-in-law wants in on the deal. The cash that he is bringing to the table will buy him 10% of the deal - my question is how should this partnership be structured? The deal is going to be financed through a bank - does he need to be on the loan as well, or can it all be in my name? I am not going to do an LLC for tax purposes, so it will all be in my personal name. Any advice or thoughts would be greatly appreciated!

Thanks!