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Updated over 1 year ago on . Most recent reply

James Breese's profile image
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James Breese
  • Investor
  • from Houston, TX
  • Member since Dec 13, 2022
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James Breese
  • Investor
  • from Houston, TX
  • Member since Dec 13, 2022
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James Breese
  • Investor
  • Houston, TX
6
Votes |
12
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Legal & Legislation

JV Partnership Out of State

James Breese
  • Investor
  • Houston, TX
Posted

I have a wholesaling LLC with a partner in Texas. We recently have been speaking with someone in Tennessee and are discussing partnering up on their wholesaling business (located in TN). Are we required or is it a smarter move to establish an LLC in Tennessee for this partnership? This LLC would only be with my current partner to go under a JV contract with this wholesaler in Tennessee. We obviously want to do things legally correct, but also as clean as possible for finances. Any advice would be helpful.

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Ronald Rohde
#3 Commercial Real Estate Investing Contributor
  • Attorney
  • Dallas, TX
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Ronald Rohde
#3 Commercial Real Estate Investing Contributor
  • Attorney
  • Dallas, TX
Replied

Is there enough juice to make it worth it? I don't think you need much more than you already described.

  • Ronald Rohde
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