Question:
My brother and I are going acquire an apartment building as an apartment soon. However we would like to know if a LLC is the best choice for us. If it matters, my brother and I are going 50/50 into this and we plan to be the sole owners with possible family members joining our company later. Thank you for any response!
Answer:
Go to Office Depot and get the contrac and fill it out yourselves and eliminate the Dracula,uh, I mean the lawyer. File it yourself at the Co. Courthouse
I would go full corporation - better protection and tax benefits.
www.bizfilings.com - go Nevada Corp.
Open with 2000 shares - standard, you and your brother taking 30% ownership each.
That will leave 40% for you to split between participating family members
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