Business/legal setup for first private money partnership?

[Travis Nagler]

Hello, everyone.

I am looking for business and/or legal advice on setting up a partnership with a private money partner. We are looking at purchasing 1 or 2 properties together to start, but this would be the 1st time for both of us. Me having a money partner, him bringing in the private money.

What kind of business set up will we need to get going? I'm sure there is a basic minimum necessary piece, and then a long term, many deals type piece. I'm looking for the basic minimum piece at this point.

If you can shed any light on this, I would appreciate it.

Thanks,

Travis

Travis