Should I put my wife and I on the llc even though she is our agent?

[Tyler Jenkins]

We are about to start an llc to start investing in real estate(wholesaling, rehabing, buy and holds). My wife is a REA and will list our houses that we flip in the future. Is this a conflict of interest? Should I just put the LLC in my name? Thank you for your responses ahead of time.

[Steven Hamilton II]

Originally posted by Rob Yeichner:

Definitely get your CPA or lawyer's advice. LLCs are a state entity and they all have different rules to some degree. Although I didn't listen close enough to give you the exacts here but when I asked this question to my CPA (who set up my LLC in TX) his answer was basically, "it really doesn't matter because in Texas because the state government <insert gobbledygook here>." Basically he was saying that since we were married it doesn't matter if she was on the paperwork or not, the state recognized her involvement either way. Don't know if that impression is correct or would apply to you.
Good luck!

@Rob Yeichner ,

That is because Texas is a community property state. That means what is yours is hers and hers is yours.