Seeking advice on joint venture / partnership in Bay Area

[Eduardo Zepeda]

Hi BP'ers,

I'm in contract to purchase a property in the Easy Bay and I'm working with several partners on the deal that are contributing capital. I'm looking for an attorney that can help with setting up a joint venture / partnership agreement between the partners. For those of you who may have entered into this sort of arrangement as well, any advice you can offer would be a huge help, too. As of now, we plan on having a robust written agreement and I'm looking for advice on the proper structure (LP, GP) and how it plays into the mortgage, liabilities, holding title, etc.

Thank you in advance for your help!

PS - I've also posted this in the Oakland forum, but here also since I live in SF.

[James Masotti]

Originally posted by @Eduardo Zepeda:

Hi BP'ers,

I'm in contract to purchase a property in the Easy Bay and I'm working with several partners on the deal that are contributing capital. I'm looking for an attorney that can help with setting up a joint venture / partnership agreement between the partners. For those of you who may have entered into this sort of arrangement as well, any advice you can offer would be a huge help, too. As of now, we plan on having a robust written agreement and I'm looking for advice on the proper structure (LP, GP) and how it plays into the mortgage, liabilities, holding title, etc.

Thank you in advance for your help!

PS - I've also posted this in the Oakland forum, but here also since I live in SF.

 If the partners are not playing an active role in the management of the company and are purely contributing capital, than that falls under securities law and you'll need to file under RegD. @Kim Lisa Taylor can chime in with some more guidance on the specific actions you'd need to take with a securities attorney.