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Updated over 7 years ago on .

How Should I Partner Here?
I have an LLC (S Election) in my state, and I have a friend in another state who has agreed to partner with me, with him bringing the capital for funding flips in my state. Does anyone here have any advice for structuring this? Should I make him a partner in my LLC, or create a Limited Partnership between him and my LLC? If anyone here has some advice, I'd love to hear it.