2 ways to structure a partnership deal #entrepreneurship #businesspartnerships #llc

Jorge Contreras | Airbnb Arbitrage Jun 5, 20230m 55s375 viewsScore 75
Regulations & Compliance
intermediate
LLC Structure
Arbitrage
Co-hosting
Multiple Properties
Investors
M

Summary

AI-generated

Jorge Contreras explains two ways to structure a partnership deal for short-term rentals. One way is through a joint venture agreement, where existing LLCs partner for a single deal or to test the waters. The other way is to create a new LLC with someone you plan to build multiple deals with long-term.

Key insights

  • When using a joint venture agreement, each entity (LLC) partners with the other entity, rather than forming a new, shared LLC.

Mistakes to avoid

  • Don't immediately start an LLC with someone you haven't worked with before; it's like "marrying" someone without knowing them.

Curated by Learn STR by GoStudioM · Summary & key insights generated by AI · Reviewed by editorial