What's benefit of having my wife as 51% owner of my LLC?

[Marshall Hooper]

I heard in a podcast that both @Brandon Turner and the guest had their LLC's set up so that their wives were 51% owners. I know that women get more favorable terms for SBA loans, but I'm not sure what kind of SBA loan these guys would be applying for. What are the other reasons someone might do this?

[Cara Lonsdale]

The benefit is you get to stay married to a happy wife....lol

Kidding!  

There are many benefits depending on what you plan on doing with the LLC as a business. I knew of a commercial janitorial company that had the wife structured as the 51% owner and "CEO". It helped them to secure HUD contracts for cleaning out HUD homes prior to going on the market because the business was considered a woman-owned business and she was in leadership.

So, if you are intending to need any "help" along the way, or get a leg up on another business you are competing with, it makes good sense.