How to set up a JV deal?

[Christopher Lynch]

Hi all,

I just found a capital partner who wants to do deals together. How would the sales agreement be written? 

Should both LLCs go on the sales agreement? How would this work if the profit is being split up 50/50? 

[Olia Fogel]

@Christopher Lynch If you both already have LLCs set up, then you can just have an attorney create a JV agreement for you, with both of your LLCs as the parties to the deal. The JV agreements will outline profits, terms etc.