Critique my Joint Venture!

[Heath Clendenning]

I am going to start my first JV with a foreign-owned LLC soon. I wanted to get your feedback on if this makes sense.

I will be helping a group of foreign investors for the first time. They need an LLC created, bank account opened and then to partner with my company for the renovation work. Also, I am a realtor and will be making commission on the sale of the property.

I have a lot of questions and concerns. Mainly: 

1. I need access to their bank account in order to pay vendors. How should this be structured?

2. Should I be listed in their LLC (as a service provider owning no equity, but taking my % of the profits) or should relationship be crafted in the Joint Venture agreement?

3. Their LLC will purchase the property but I will be the person handling the transaction here in the United States. Any conflicts of interest?

To me this is the simplest method. Critique and show me there the problems might exist.