How to Add Your Spouse to Your LLC. Jake Claver works through single member, step up in basis and qualified joint venture in this recording.
More on this subject: jakeclaver.com.
What this recording covers
Claver outlines the structural methods for incorporating a spouse into a limited liability company. He explains that fifteen states recognize a qualified joint venture exemption, allowing spouses to share equal ownership while the entity remains treated similarly to a single-member structure for tax purposes. Under this exemption, married couples can contribute assets to the company without triggering basis adjustments or immediate tax consequences. Alternatively, Claver notes that many individuals prefer maintaining a single-member limited liability company while naming their spouse as a corporate manager. Appointing a spouse as a manager grants them formal signing authority and enables them to receive compensation through an official company salary without altering the underlying equity ownership structure of the entity.
Where this fits
This page hosts a recorded video and a short summary of what it covers. It is general information, not investment, tax, or legal advice, and not a recommendation to buy or sell any asset or to form any entity. Rules change and older recordings may describe a position that has since moved. Speak to a qualified professional before acting.