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Updated over 6 years ago,
Operating agreement for 50/50 partners?
Hey BP,
I was curious if anyone had a very basic operating agreement that they use in the case of two partners with basically a 50/50 split of cashflow, equity and everything else. I’m just looking for something that outlines how repairs are handled if over the reserve budget, where the funds are kept, what would happen if one partner wanted out etc.
Thank you!
Kellen