Legal Question in Business Law in Georgia

Re: Business entity

There is no clear answer, based on a couple sentences. How many investors, and what are they investing? What is the tax situation of the investors, and what do you want them to be? Will you need to create other entities -- for example, for each property? Will all investors be in a common pool, or will some invest only in specific properties? The list goes on. Your first investment will be to handle all these matters properly from the start. Make sure you retain a lawyer that has significant experience in this area. A significant part of my business is dealing with entities that did not.

Re: Business entity

It is impossible to advise you with certainty based on the information that you provided; however, this forum is not really meant for that. This forum lets people know whether or not they are getting into dangerous territory by not getting an attorney and it sounds to me like this may be true in your case because neither of tne entities that you suggest are probably your best option.

Re: Business entity

While I agree with the previous postings, holding real property is generally best done by an LLC because of the tax consequences of appreciation. With regard to a business license, probably yes. Almost every business needs to get a business license.

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The foregoing is general information only, not specific legal advice. No attorney/client relation has been created or should be implied.