Raisings private money

[Fabian Wizenfeld]

Hi, I'm looking for some help to avoid legal and taxes issues. California based.

I want to create a separate business that would be in charge of raising money to lend to my current LLC for flips. I want to keep it pretty straightforward for the investors.

We've been working with hard money lenders, but the fees add up really quick and I feel like we are leaving a lot of money on the table.

Would I do a promissory note? Does anyone have one to share?

Thanks in advance!