Hi all,
I have a question if we could set up a JV in the most simplest way.
Let’s say My wife and I have a professional company called A Ltd. and the company owns 100% of B Ltd. which holds couple RE. If my BIL wants to come in 50% of all the assets and we’re willing to leave the mortgages the same with our personal guaranteed, could we just create a brand new C Ltd. which BIL owns 50% and we own 50% of the same shares class, then have A Ltd. sell the 100% ownership of B Ltd. to C Ltd.?
Thanks,
Sent from my iPad using myREINspace
I have a question if we could set up a JV in the most simplest way.
Let’s say My wife and I have a professional company called A Ltd. and the company owns 100% of B Ltd. which holds couple RE. If my BIL wants to come in 50% of all the assets and we’re willing to leave the mortgages the same with our personal guaranteed, could we just create a brand new C Ltd. which BIL owns 50% and we own 50% of the same shares class, then have A Ltd. sell the 100% ownership of B Ltd. to C Ltd.?
Thanks,
Sent from my iPad using myREINspace