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Updated over 8 years ago,

User Stats

386
Posts
151
Votes
Mike Landry
  • Investor
  • Montgomery, TX
151
Votes |
386
Posts

LLC? Should I put realtor wife as member?

Mike Landry
  • Investor
  • Montgomery, TX
Posted

I am forming an LLC for wholesaling and flipping properties in Texas. My wife will have minimal activity in it other than backing up my comps and listing properties. Should I add her as a member?

PROS

"Business meeting" tax deductions

NOT a single member LLC

She can sign things for me when I'm unavailable

CONS

She is a licensed realtor which would require disclosures to all marketing.  Don't want to get her in to trouble....not that I intend to do anything wrong.

Will buying or selling properties ever require BOTH our signatures? Or can one member typically sign for the LLC?

I"m on the fence.....Any opinions appreciated.

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