These guys want to know that they're grooming someone who will eventually bring them JVs, equity deals, and partnerships.

Is it money put towards a partnership deal?

Would you guys consider a 50/50 partnership if you were starting over?

If it is operating as a C-corporation you will look at dividends, if it is a partnership, it will be taxed as ordinary income; however, you will/may have certain deductions that are taken against the income such as depreciation that will affect what is actually taxable.One option would be to sell your interest in the LLC at the beginning of year 4 based upon the projected incomes and pay capital gains on the Stock gain.The short answer: Can I get some more information from you.

At this point I want to start up and incorporate but am unsure the legal differences.I am forming a partnership (two people me and another)Instead of taking two trips to the lawyers office, one to ask btwn Scorp and LLC and the next to get our paperwork drawn up for the actual partnership after incorporating, can anyone offer advice as to which is better to get started and get the company created?

Found the site via a google search about partnership splits.

Partnerships or other opportunities you're promoting or seeking?

Even though you may not have a ton of money/credit to offer a mentor/partnership, your contracting skills/knowledge are certainly valuable.

Do you remember how you ended up working these partnership structures?

Don't get caught up in a partnership that both regret later on.You can usually get an apartment cheaper than a house/condo with a lease option.