Question about single deal partnerships?

[Greg P.]

Hello, I am wondering if there is a contract or way to partner on a single deal. I have a deal "tied" up to purchase with my company name, but I have someone who is also interested in partnering. How do I go about doing a partnership on a single deal? Is it a joint venture agreement somehow? Thank you.

[Bryan Hancock]

A JV works well for single deals. I actually prefer to JV with potential partners on each deal because it is easy to "split up" later on if things go south after one, two, or X deals.

Be careful about securities laws if one party is passive!