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<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif">If they’re not sure how it will work out, just a joint venture agreement with each party having a 30 day notice to terminate the contract. If it does work out, then M&A and
consolidation and everything available to them at that point.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif"><o:p> </o:p></span></p>
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<p class="MsoNormal" style="margin-bottom:0in"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif">Jimmy Garg, Esq.<o:p></o:p></span></p>
<p class="MsoNormal" style="margin-bottom:0in"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif">Jimmy Garg, PLLC<o:p></o:p></span></p>
<p class="MsoNormal" style="margin-bottom:0in"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif">300 Lenora Street # 1063<br>
Seattle, WA 98121 <o:p></o:p></span></p>
<p class="MsoNormal" style="margin-bottom:0in"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif">206-580-3790 (p) 206-736-3218 (f)<o:p></o:p></span></p>
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<p class="MsoNormal" style="margin-bottom:0in;background:white"><span style="font-size:9.0pt;font-family:"Segoe UI",sans-serif;color:red">Please note that due to COVID-19, this office is not currently accepting in person appointments.</span><span style="font-size:11.0pt;font-family:"Calibri",sans-serif"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif"><o:p> </o:p></span></p>
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<p class="MsoNormal" style="margin-bottom:0in"><b><span style="font-size:11.0pt;font-family:"Calibri",sans-serif">From:</span></b><span style="font-size:11.0pt;font-family:"Calibri",sans-serif"> wsbarp-bounces@lists.wsbarppt.com <wsbarp-bounces@lists.wsbarppt.com>
<b>On Behalf Of </b>Dave Culbertson<br>
<b>Sent:</b> Friday, January 27, 2023 2:18 PM<br>
<b>To:</b> solo-and-small-practice-section@list.wsba.org; creditor-debtor-section@list.wsba.org; wsbapt@lists.wsbarppt.com; wsbarp@lists.wsbarppt.com<br>
<b>Subject:</b> [WSBARP] Using LLC's for a Joint Venture<o:p></o:p></span></p>
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<p class="MsoNormal" style="margin-bottom:0in">Hello, Listmates.<o:p></o:p></p>
<p class="MsoNormal" style="margin-bottom:0in"><o:p> </o:p></p>
<p class="MsoNormal" style="margin-bottom:0in">Two people are considering starting a service business doing landscaping and light remodeling, kind of on an experimental “see-how-it-goes” basis. Both have done so as sole-proprietorships. One party has already
set up an LLC, to try to begin providing more professional face to the world (but hasn’t used the LLC in any significant way yet).
<o:p></o:p></p>
<p class="MsoNormal" style="margin-bottom:0in"><o:p> </o:p></p>
<p class="MsoNormal" style="margin-bottom:0in">The two parties hope to join forces, see if working together works, and if it does they keep going. If it doesn’t, they decide to each keep working on their own separate businesses, without too much difficulty
in disentangling. <o:p></o:p></p>
<p class="MsoNormal" style="margin-bottom:0in"><o:p> </o:p></p>
<p class="MsoNormal" style="margin-bottom:0in">It occurs to me that maybe the best structure is for each to have an LLC, so that if they decide ultimately to go their separate ways, each has a business structure already in place. And then the LLC’s could engage
in a joint venture, or jointly own a third LLC that could be easily ended if the project doesn’t pan out.<o:p></o:p></p>
<p class="MsoNormal" style="margin-bottom:0in"><o:p> </o:p></p>
<p class="MsoNormal" style="margin-bottom:0in">Only thing is, I don’t know much about joint ventures or “LLC owning an LLC” scenarios.<o:p></o:p></p>
<p class="MsoNormal" style="margin-bottom:0in"><o:p> </o:p></p>
<p class="MsoNormal" style="margin-bottom:0in">Any thoughts on this scenario, its benefits and its pitfallls would be welcome.<o:p></o:p></p>
<p class="MsoNormal" style="margin-bottom:0in"><o:p> </o:p></p>
<p class="MsoNormal" style="margin-bottom:0in">Thanks!<o:p></o:p></p>
<p class="MsoNormal" style="margin-bottom:0in"><o:p> </o:p></p>
<p class="MsoNormal" style="margin-bottom:0in">Best Regards,<o:p></o:p></p>
<p class="MsoNormal" style="margin-bottom:0in"><o:p> </o:p></p>
<p class="MsoNormal" style="margin-bottom:0in">Dave Culbertson<o:p></o:p></p>
<p class="MsoNormal" style="margin-bottom:0in"><o:p> </o:p></p>
<p class="MsoNormal" style="margin-bottom:0in"><b>The Law Office of Davisson Culbertson</b><o:p></o:p></p>
<p class="MsoNormal" style="margin-bottom:0in">PO 20403<o:p></o:p></p>
<p class="MsoNormal" style="margin-bottom:0in">Seattle, WA 98102<o:p></o:p></p>
<p class="MsoNormal" style="margin-bottom:0in"><i><o:p> </o:p></i></p>
<p class="MsoNormal" style="margin-bottom:0in"><i>Phone: </i>(206) 478-8134<i><o:p></o:p></i></p>
<p class="MsoNormal" style="margin-bottom:0in"><i>FAX: </i>(866) 867-7796<i><o:p></o:p></i></p>
<p class="MsoNormal" style="margin-bottom:0in"><a href="mailto:dculbertson@culbertsonlawoffice.com" target="_blank"><i>dculbertson@culbertsonlawoffice.com</i></a><o:p></o:p></p>
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