Property Ownership, Tax Implications, and Family Business Collaboration

[Eric Stewart]

My brother and I own a property together. It is currently in my name but will go into our LLC eventually. He is a GC and does the work needed on the property and owns a masonry business as well. We had some problems with our driveway and need to rebuild it. Is there any conflict, for tax purposes, if he creates a statement for the cost of the work through his masonry business? Since it's in my name currently, i don't think there is but once we move it into our LLC where we are 50-50 owners, could that be a problem for future work? If so, what are some of the implications i need to be aware of?

Any help at all is greatly appreciated!