I have an employee at the restaurant I run that rents a house with some family members.

I would wait till you actually have employees working for you before you file for a LLC.

But that's as much fear of the boom and bust nature of FL as anything.But @Alysa Phalen does not need to purchase another apartment building in CO to satisfy 1031.

@Paul LaSpinaI think it depends on the level of trust you two have, how the voting power is divvied up, & whether or not YOU feel a 50/50 split is fair.We syndicate large multifamily apartment communities & typically raise over 1MM from our passive limited equity partners.  

You sound more like an employee than an independant contractor so understanding the structure may help.

Stock market is leveling out and it will not be as exciting as last year, so he’s looking for a new way.

Although I probably have a higher than average risk tolerance level, I do agree with @Nathan G.on not wanting to be over leveraged.

All they want to see if you have an account over 6 months old, preferably a year, with your name on it, and it should be OK.Alternatively, some guy I worked with is a very good friend of another co-worker who had a bit a money in the bank.

If such type of harm befell your clients, then you most certainly could face a personal injury lawsuit down the line.C) In the event that your LLC is sued, there could be considerable questions about whether or not your LLC is created for a legitimate purpose given the level of intertwining that you are engaging in between yourself and the legal entity. 

We are struggling with vrbo/homeaway on a few levels.....and their business has dropped from 40% or so of my business down to 10% or so.