Wholesaling as a Partnership???

[Teri Parker]

I plan to go into wholesaling as a partnership, does anyone have advice they can give. I know it is not necessary, but we want to set up an LLC for the partnership. Any do's or don't's?

[Courtney James]

Teri,

No, you can form your LLC prior to determining how you would like to split earnings. I would just make a clear agreement on how to split earnings prior to making your first deal.

In my opinion, the best way to keep a thriving partnership is identifying clear expectations on both ends. 

Hope this helps :)