Should I bring in partners? - Posted by Dan (NJ)

Posted by Brent_IL on February 09, 2002 at 11:53:51:

Money partners are great.

Mavens are not.

Host a get acquainted function with spouses and significant others to discuss exactly what you hope to accomplish as a group. You need a consensus on the direction of your group, including planning for disaster, before you can address the organizational requirements and money.

Should I bring in partners? - Posted by Dan (NJ)

Posted by Dan (NJ) on February 09, 2002 at 09:57:46:

About six people I know are now interested in REI. They all have skills and money. What are the negatives of staring an LLC with partners?

Here is a list of my fellow investors:

  1. 20k in cash, Carleton Sheets course, (Family)
  2. 10k in cash, Has 1 rental, good handyman, (family)
  3. 20k in cash, CPA, Runs his own business, (long time friend)
  4. 20k in cash, CPA, big 5 firm, (Family)
  5. 10k in cash, contractor, (Friend of a friend)
  6. 20k in cash, Negotiator for a fortune 100 company, All Legrand courses, Carleton Sheets course, (Family)