I'm thinking about buying an investment property and combine it with my brother's and start a partnership with the properties being the assets. Just help me with some information about doing this.
2007-04-24 13:02:00 · 3 answers · asked by hgary06 3 in Business & Finance ➔ Small Business
A partnership is a registered legal entity subject to the laws of the State in which it does business. Your State has a government agency, something like a "corporations commission", that registers business to operate and issues the permits required. Contact your State government; follow the instructions. There are some basic features of partnerships that apply in all, or almost all States. Look them up on the Internet.
2007-04-28 22:35:57 · answer #1 · answered by vdpphd 4 · 0⤊ 0⤋
And, avoid partnerships. Use an LLC or S-corporation. Check with an accountant ... they will provide much better advice in this area than an attorney.
2007-04-25 01:01:38 · answer #2 · answered by jdkilp 7 · 2⤊ 0⤋
the smartest thing to do is consult a lawyer.
2007-04-24 20:11:02 · answer #3 · answered by Rude dog 4 · 1⤊ 0⤋