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Hi ~ Partner and i are setting up a holding company under which we plan to acquire brand name franchises in an LP with the help of passive investors. Question ~ I'm thinking the Holdings Company wants to be an LLC with partner and I only as members..., with each new franchise being an LP with both the LLc as general and investor(s) as LP's. The original thought was to have investors own share in the LLC and therefore own respective share in each franchise. However the first mentioned scenario allows us to possibly improve (debt/equity/LP) structure of each new franchise. I'd greatly appreciate your thoughts on this. And also, if you have any recommendations on where i might find agreement templates for this from which we can work with.., that would be great. Very truly, Steve