Adding your children to your LLC

[Adrian Goram]

My LLC currently consists of my wife and me. Of our 3 daughters, we noticed our youngest (13) has a strong desire in real estate investment since she was 10. Clearly there’s a lot can happen as she grows up but I wanna plant a seed for her. I’m thinking of changing the LLC ownership to: Wife 55% Husband 40% Daughter 5% Of course I’ll do most of the work. With proper guidance This setup may improve our eligibility for greater funding to grow our business as she learns life skills and financial management. Do other RE Investors do this? I welcome your candid responses Thanks