Investing in property with friends is it best to set up as a limited company
I am currently in the early stages of buying to let with 2 friends, we are still learning the ropes and educating ourselves before we start. We intend to put in equal amounts of deposits and due to our differing financial and employment situations, have been advised that the best way forward is to set up as a limited company.
Can you give some of advice, is this the best way or is easier to set up as individuals together. We have been advised that there wouldn’t be a problem to get a buy to let mortgage as a Ltd company. Does that mean it is easier?
We have also been advised to set up a shareholders agreement.
Do you have any suggestions as to the best way to set up?
Thank you
Marie
11 comments on this article
Learn from your peers’ experience
A different perspective could help you spot an issue, avoid a mistake or find a better way forward. Read the comments and add your own views if you wish.
Member Since October 2015 - Comments: 3
8:00 PM, 10th October 2015, About 11 years ago
Hi Simon,
I agree there is a lot to think about, even though we are good friends business is a different matter altogether and we know there are numerous eventualities that could arise and thinking about the most likely ones should help make up the agreement.
Thank you for the advice, it has given us a lot to think about.