Lawyer for JV contract in The Woodlands TX

[Jim Lin]

Hey BP,

I have a rehab in the pipe line where I'm partnering with my dad.  I will do all the leg work, manage the construction, oversee the sale and he will be a silent partner providing 100% of the funding.  Does anyone know a good attorney in The Woodlands, TX that could help me with the paperwork.

This is my first time doing a deal with a partner, so I wanted proper legal advise on this one.  Alternatively, if people have suggestions on drafting the agreement myself, I would be open to suggestions as well.

I currently have a sole proprietor LLC which I run my 3 rentals out of. That said, I don't think having my dad buy into that entity would be fair. I was thinking more along the lines of a JV for the current project only. The split is structured where he gets 8% PIK + 50/50 split of the upside.

Thanks,

Jim