Single-Member vs Multi-Member LLC. Jake Claver in this recording: “There are 15 states that allow for a QJV or qualified joint venture where there are no tax implications for starting a corporation with your spouse.”
Also coveredoperating agreement
What this recording covers
Claver explains the practical differences between a single-member and a multi-member LLC for holding digital assets. He says most clients use single-member structures because the KYB approval process is simpler and there are no tax consequences when moving assets in at cost basis. Spouses can be added as signers and managers without converting to a multi-member structure. He notes that fifteen states allow a qualified joint venture election for married couples, which has its own rules. For multi-member LLCs, he says the operating agreement must address a much larger set of contingencies, including dissolution terms and survivor provisions, which makes the process more complex and the drafting more involved.
Where this fits
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