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Updated almost 5 years ago,
Raising Capital with other investors - How to structure?
Hello All - Love BP and everything it has to offer.
A question that I have is about structuring your business when you are raising capital. Right now I have 5 units, with a couple of different investors. Because the percentage of ownership in these properties is different, I have three LLC's created for the properties. Come tax time, this takes extra time for my accountant to file and cost me money.
I am trying to organize myself and structure myself the correct way moving forward. I have a few other deals in the mix right now that if I can get under contract will need to call a few private investors I have to help fund the deal.
My question is: How do you structure your business when you are raising capital like this? Do you just continue to create more and more LLC's? Is there another way to go about this? I know a ton of people are raising capital out there for their business, but how is it strucutured.
Thanks in advance!!