Corporate structure for house flipping

[Amaury Gallais]

Good day all,

This is my first post, and first off I must say this is a fantastic forum, I've really enjoyed all of the quality information that’s available.

I have a question that I'm sure has been answered before, but I am writing from Afghanistan where I have very limited connectivity. Our Internet connection is often timing out so I can only look through a few posts every time.

I am wondering about the recommended corporate structure for 2 partners who are going to work together to flip a house. My friend and I will have some time once we get back from our deployment, and we would like to flip a house in the city of Los Angeles. I'll put in about $150K, he'll put in $80K for the down payment and other associated costs. We want to make sure we setup the best possible corporate structure for liability and tax purposes.

Thank you very much in advance for any advice you may have for us.

Best,
Amaury