Our team currently works with private investors flipping, wholesale deals, etc.

I recently had a friend refer an investor/funder to me who agreed to match my other equity partners with a 50/50 split on the net.

No...

. § 707(b)(1)....To qualify for relief under chapter 7 of the Bankruptcy Code, the debtor may be an individual, a partnership, or a corporation or other business entity. 11 U.S.C. §§ 101(41), 109(b).

The nice thing about LLCs is that they can elect to be taxed as a partnership, an s-corp, a c-corp, etc -- basically whichever tax structure is of the most benefit.Most people that start LLCs (and talk to a good CPA) will elect to have their LLCs taxed as another type of entity, and there *will* be potential tax advantages.

Partnerships have a high chance of failure.When you involve family they have a REALLY HIGH chance of failure.The reason is many can't separate family time and business time.It seeps over and contaminates other aspects of your lives.When a family partnership goes bad it doesn't end there.It lingers on for years or even decades with hurt feelings.If the partnership is 50/50 who will make the decisions??

Hello All,

Question:

My situation is as follows: I have been a real estate analyst for the past 6 years and have all the knoweldge and knowhow as to what a succesful commercial real estate investment looks like. I...

C corporations are ideal for property management companies, or to manage an LLC or act as the general partner in a limited partnership.

If your LLC is a partnership or a corporation, then your LLC will file a federal income tax return and will need its own federal tax ID.

Should I:Title the property into my LLC and add them as a member.Create a partnership for each deal with 50/50 split.We open a bank account together with co-sign privileges.Create an LLC for each deal.Other ideas???

Or was this person originally a stranger who you came to know and felt comfortable enough to do a partnership with?

Good luck, donrockDon, We are discussing a partnership with a Real Estate broker who will act as the pass through to close the sales and handle all of the paperwork.