???'s Forming an Investment Group

[Nick DAgostini]

Hey there. New to this so please forgive any ignorance. Some investor friends and I want to pool our resources together to purchase a smaller unfinished residential development (7 Parcels), build the homes, and sell them. We've ran the numbers and the math is sound. I've owned rental real estate with partners in the past but nothing this size and this many partners. What would be the best plan of attack to protect everyone's interest? Would an LLC or an S-Corp be the better option? Everyone is contributing different amounts, and in addition to my personal monetary contribution to the project, I am also the one doing all the leg work; finding the property, lawyers, construction managing, selling the end product, etc. What extra percentage of ownership is customary for this kind of work, if any? Any info would be greatly appreciated. Thanks