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Updated over 8 years ago,
LLC? Should I put realtor wife as member?
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.