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Updated almost 2 years ago on . Most recent reply

Scott Royer's profile image
Scott Royer's profile image
Scott Royer
  • Rental Property Investor
  • from Flemington, NJ
  • Member since Feb 5, 2023
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Scott Royer's profile image
Scott Royer's profile image
Scott Royer
  • Rental Property Investor
  • from Flemington, NJ
  • Member since Feb 5, 2023
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Scott Royer
  • Rental Property Investor
  • Flemington, NJ
3
Votes |
12
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New Member Introductions

Spouse Partnership Dilemma

Scott Royer
  • Rental Property Investor
  • Flemington, NJ
Posted

My wife and I started a partnership LLC. We are trying to figure out how to split up ownership, should we do 50/50 or 51/49? Our friends do investment properties but the husband is the primary person that does the work and managing. They did the 51/49 split to give him more freedom to make decisions without having to have his wife present.

My wife's W2 job makes her unavailable most of the time, so I am curious what the ramifications are if we chose to do a 50/50 partnership or a 51/49 partnership.  I am curious what the pros and cons of each are.  Thanks!

  • Scott Royer
    • Newark, New Jersey
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    Greg Scott's profile image
    Greg Scott's profile image
    Greg Scott
    • Rental Property Investor
    • from SE Michigan
    • Member since Oct 27, 2014
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    Greg Scott's profile image
    Greg Scott's profile image
    Greg Scott
    • Rental Property Investor
    • from SE Michigan
    • Member since Oct 27, 2014
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    Greg Scott
    • Rental Property Investor
    • SE Michigan
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    Greg Scott
    • Rental Property Investor
    • SE Michigan
    Replied

    My wife and I are managers of our management LLC. Either one of us can sign on behalf of the LLC.

    Talk to your attorney.

  • Greg Scott
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