Investing in property with friends is it best to set up as a limited company

by Readers Question

16:46 PM, 5th October 2015
About 4 years ago

Investing in property with friends is it best to set up as a limited company

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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.friends

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



Comments

Marie Claude

20:00 PM, 10th October 2015
About 4 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.

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