HOWEVER, HOWEVER, HOWEVER.... first, it will be YOUR burden to prove too the SEC that all of the business owners are proportionately doing work in the new business venture you started and second, you can only do this with about 4 or 5 business partners because the SEC has said that anything above that, it is impossible for all 6 people to be doing all the work.  

Learn as much as you can about that opportunity that you venture into. 

So many new wholesalers are convinced they can “joint venture” on wholesale contracts, but that is not legal.

He is a lender.No joint venture agreement, no partnership, he is a lender.

We havent really ventured out of state but have always talked about it.

Keep in mind It is very difficult to get 5 people on the same page with a venture like this.

I'm a formerly-retired lawyer (UT-Knoxville law school) who is now practicing again primarily for the purpose of rebuilding an investment stash I lost in a recent business venture.

This would be my first venture into real estate investing, any and all direction is greatly appreciated!!!

@Matthew Nixon I think it’s important to remember that any business venture comes with risk.

he/she would basically be my venture partner.