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Brokers are key members of the investor’s team (along with their attorneys), but they play different roles. A broker helps you buy the right asset at the right price, while an attorney helps ensure you don’t inherit avoidable liability. The highest-performing investors use both.

In the right context, LPs remain useful and often preferred tool. This is especially true for outside investors, joint ventures, or certain family or fund structures. If someone suggests using an LP, it’s worth understanding why before dismissing it in favor of an LLC or other entity.