I haven't pulled the trigger on it for a couple of reasons.

I set a learning curve for myself in 3 month increments with the hope of knowing enough in 6 months to pull the trigger.

Just a reminder that tomorrow's meeting is in Waltham, not in Worcester, Massachusetts. This will be the only event this month, details here.

Tuesday November 19, 2013

6PM Networking

6:30PM Progr...

I've read some of the other posts about creative financing, could this technically fall under the category of "partnership"?

I believe this is addressed in How to Use Limited Liability Companies & Limited Partnerships by Garrett Sutton.It depends on what you want to do, but the S-Corp can pay health care benefits, etc. and hire you and your family as employees, with benefits, etc.

To me, it's either institutional, meaning a structured business entity or bank or regulated entity, or it's private, from a non-structured person or entity that has its primary purpose being other than a lending.Ted, you might consider a partnership arrangement with owners trying to sell a property that needs repairs and share the upside, no money needed in some case and you may only need to cover the costs of materials.

A good example of this might be a seller leaving the area, selling at a stated value with the agreement of receiving their money in a few months.As to brokers or those using other people's money, this can fall in the partnership arrangement above.

Any breach of contract can trigger the mortgagee seeking to enforce the terms.

I spoke with a lawyer a few weeks ago and instead of an LLC, she suggested setting up a Limited Partnership where I would be a LP and the General Partner would be an S corp that I am Director of.

A lot of great beneficial information and and helpful partnerships to be made here.