Having a Spouse on LLC??

Question

When you have an LLC should you put your spouse on it? What are the pros and cons of this if there are any??

Ashley Harris · Answer

Yes, speak with your attorney, but LLCs generally are designed to protect its owners from personal liability, but people (i.e. tenants, etc.) can try to claim your LLC is just your alter ego if you are a single-member LLC (piercing the corporate veil) so they can pursue you personally.  One pro to adding a spouse is that having a multi-member LLC makes it harder for a tenant to pierce your corporate veil and pursue you personally for the LLC's liability.  *Not legal advice, general info*

River Sava · Answer

It really depends on the situation but this is definitely something to discuss with your attorney

John McKee · Answer

You don't necessarily need your spouse on the LLC, but you can list them in the operating agreement.  The operating agreement will state the role and ownership amount and responsibilities of how the LLC is run.

Chris Seveney · Answer

@Matt Sora

Discuss this with your attorney there are a lot of complexities such as who is on your primary residence, who is the bread winner of the family

Some instances it’s good to have your spouse other times it may not

Having a Spouse on LLC??

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