LLC for vacation home, how to divide percentage between 2 members

[Frank M.]

Hello,

My brother and I are building a vacation home on land that was inherited, and are planning to covert the deed into an LLC when construction is complete. The down payment for the loan is the value of the land , owned free and clear, so 50/50. If only one of us qualifies for the loan, and assumes financial risk, should the LLC maintain a 50/50 split? All duties outlined in the operating agreement will be split equitably.

Thanks

Frank

[Theresa Harris]

I'd do everything 50/50 as it is simpler.