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Updated over 6 years ago on . Most recent reply

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Add spouses to our new LLC?

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My business partner and I are starting a real estate development company and are forming our LLC. We're each married and are wondering what the pros and cons are to adding our wives as members. Both wives are stay at home moms and are included in all decisions, though not super active in the business. We'll be sure to be very specific about what happens with any life events in our operating agreement either way. I'm sure this choice has tax implications, liability implications, maybe lending implications, and definitely implications I'm not thinking about. Any information, experience, or guidance is greatly appreciated. Thanks!

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