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Husband and Wife to Limited Liability Company  Form

Husband and Wife to Limited Liability Company Form

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Instructions and help about Husband And Wife To Limited Liability Company

should my spouse and I own an LLC together so first off I asked my clients will you be applying for government contracts or are there customers who actually care whether the business is woman or minority owned if the answer is they don't care then let's not add that complexity to your business the next question is is there any other reason to have it owned by two business owners the first reason people say as well I hope we don't get divorced but if we do we want to have clear that it's 50 50 be between husband and wife well the value of it is divided up in the divorce process anyway it doesn't matter if all the shares are owned by husband or wife so usually the risk of divorce is not a good reason to have it be 50 50 ownership usually the best practice is for a business to be owned by one spouse it just simplifies taxes this may vary from state to state

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