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All Forum Posts by: Marcus Kuhnert

Marcus Kuhnert has started 5 posts and replied 13 times.

Post: Rental Property Business Structure

Marcus KuhnertPosted
  • Milwaukee, WI
  • Posts 13
  • Votes 2

Thanks Colton.

Post: Rental Property Business Structure

Marcus KuhnertPosted
  • Milwaukee, WI
  • Posts 13
  • Votes 2

After doing some more research it appears a multi-member LLC is the way to go with an emphasis on having a rock-solid operating agreement. By chance does anyone have one I could use as a starting point? I'd like to have something before talking with a CPA and/or attorney. Thanks all.

Post: Rental Property Business Structure

Marcus KuhnertPosted
  • Milwaukee, WI
  • Posts 13
  • Votes 2

Hello All - new user, first post so please bear with me.

Two friends and myself are looking to purchase a rental property together. We will be contributing equal amounts into the down payment, duties, etc. What is the best business structure to create for the property? I assume LLC but since we will have three 'members', I wanted to ask this community. We are in Wisconsin if that matters. I know, "talk to a real estate attorney" is the boiler plate response, but let me know what you think! Thanks all, looking forward our interactions.