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Updated over 4 years ago,
First Single Family Partnership
Hello,
I am looking to partner on a piece of property and I have a few questions, and I am sure many more to come:
LLC:
1. Where do I go to create an LLC?
2. If said "partner" is actually husband and wife and my girlfriend is also in the deal, are all four names in the LLC? I assume so.
3. Will we receive any tax depreciation with the LLC through this single family property?
Operating Agreement:
1. Are there examples of operating agreements?
2. How detailed is this document?
3. Does this need to go through a lawyer?
Is there anything else that you think I should be aware of?
Thanks,
Nick