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Updated about 5 years ago on . Most recent reply

User Stats

23
Posts
5
Votes
Casey Conner
  • New to Real Estate
  • Knoxville, TN
5
Votes |
23
Posts

I’ve moved too fast.

Casey Conner
  • New to Real Estate
  • Knoxville, TN
Posted

I have earned the trust of about 5-6 people to provide capital. I'm 23 and may have gotten ahead of myself. Who do I need to speak with to make a legal entity possible, and I'd like to know the best set up; LLC, GP, LLP. Or have I spread things too thin?

Total capital- 45,000 roughly.

Most Popular Reply

User Stats

255
Posts
269
Votes
Jake Hottenrott
  • CPA
  • Belleville, IL
269
Votes |
255
Posts
Jake Hottenrott
  • CPA
  • Belleville, IL
Replied

@Casey Conner - all of that will need to be in the operating agreement and shareholder/loan agreements as well.  Again, with this much money at stake make sure to spend money on competent help to protect your investors and yourself. 

  • Jake Hottenrott
  • Loading replies...