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WSO Free Modeling Series - Now Open Through
April 30, 2024
9 Free Financial Modeling Lessons
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
+Bonus: Get 27 financial modeling templates in swipe file
+Bonus: Get 27 financial modeling templates in swipe file
Yea, don't. Cheapest is just to form a general partnership - which costs nothing.
step 1) go to IRS website and get a tax ID (FEIN) for your partnership step 2) get a free operating agreement from rocketlawyer step 3) never think about it again until you have real assets or value of some sort step 4) if you ever get to the point where things get serious, convert it to an LLC partnership, which is extremely easy but costs a few hundred bucks depending on which state you are in
Nice advice.
Thank you so much for the explanation. However, others can go after personal assets with a general partnership right? Should I just go straight to the LLC?
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