If you go with the partnership route1) You need to manage the money going in and out of the business bank account.2) File a partnership return and be responsible for issuing K-1's3) make distributions to you and your partner for cash flow that you receiveYou will likely spend many hours on a nice gesture.I may want to consider instead to give a christmas gift or a bonus for early completion of projects.

My manger does this all the time.He has an inspection done to verify all the maintenance issue and has someone video the property to verify all the marketing issues.

But to sum up your truly relevant point, all you are really saying is that there is high default risk when you deal with people who have poor credit history or some other financial issues.

The issues really happen when it's just R.E. agents begging for some $, pitching "I can do that too" and in reality there in breach of NAR codes because they don't have proficiency and expertise in it what so ever.

Later on, if you decide to open a business account, you can typically switch the account for your loan payments without any issues.

I just learned that builders risk and liability insurance coverage can cease once a CO is issued for a new build.

I've had some not happy when I have asked them to split it out.I've tried asking questions to the IRS customer service reps, and didn't have the best luck.While I cannot cite a specific official guidance on this issue, I consider debit cards exempt.

There's a good chance the issue(s) you face has already been discussed and answered.Ask questions in the appropriate forum.

There's a good chance the issue(s) you face has already been discussed and answered.Ask questions in the appropriate forum.

There's a good chance the issue(s) you face has already been discussed and answered.Ask questions in the appropriate forum.