How would you structure your business with multiple members?
How have/would you structure your business setup with you/spouse partnering with your colleague/spouse who are in separate states (all in one LLC, or two separate LLC's that each take ownership in a property)?
What is the best way to setup this entity for signing documents when purchasing properties (my spouse doesnt want to be included in the operations or signing of legal documents when purchasing properties, but obviously included in the ownership. Same with my colleague and his spouse)?
I am imagining simply my colleague and I opening an LLC in the state where we will purchase the first property, each putting in equal capital and purchasing said property. How will it work if we purchase properties in a completely different state from this entity and where we both reside?
Is there another way people set this up?