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Updated over 4 years ago,
Partnership agreement for new investor
I am investing out of state with a partner whereby he is finding deals in his local area, I am funding the deals. His background in investing is significantly greater than mine, and as such I an funding deals that he will do the ground work, management and most everything related to the projects. There is collaboration between us daily and all final funding decisions will go through me.
What kind of operating agreements are suitable for such an investing partnership such that we are both still maximally protected within our own states.
Thanks!