The Tenant-In-Common entities are each named on the deed, as well as the Tenant-In-Common entities percentage of individual ownership.

I'm willing to be the bad guy here, but I want to make sure I have this clearly organized before I execute the plan.I have thought of asking them to transfer title to me, but then would the tax implications negate the benefits?

Take ownership of your mistake and learn to do the proper due diligence recommended above😊

He is interested in 50/50 ownership.

After we pay them back, we would remove them from the LLC.Also, At what point does changing ownership inside an LLC trigger a "sale?"

After we pay them back, we would remove them from the LLC.Also, At what point does changing ownership inside an LLC trigger a "sale?"

Take ownership of your mistake and learn to do the proper due diligence recommended above😊

You gotta be careful about the change of ownership.

Tax Attorney's normally deal with more complex tax related issues than a CPA.I would expect a Tax Attorney to be dealing with issues such as1) International Tax Law / Transfer Pricing2) Drafting a Private Letter Ruling(PLR) with the IRS confirming that a tax position they will tax is blessed.3) Confirming or understanding recent tax law changes / updates4) Taxation rules for companies who operate over multiple states.Best of luck

How could I transfer the boat key from one renter to the next?