This form is a Warranty Deed where the grantors are husband and wife and the grantee is a limited liability company. Upon ordering, you may download the form in Word, Rich Text or Wordperfect formats.
Hawaii Warranty Deed from Husband and Wife to LLC
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FAQ
If both spouses take part in the business and are the only members of an LLC, and a joint tax return is personally filed, a qualified joint venture can be elected instead of a partnership. This election treats each spouse as a sole proprietor instead of a partnership.
If an LLC is owned by a husband and wife in a non-community property state the LLC should file as a partnership. However, in community property states you can have your multi-member (husband and wife owners) and that LLC can get treated as a SMLLC for tax purposes.
When taking the first steps in how a husband and wife can form an LLC, you must file documents with your state and pay a fee. To make your LLC husband and wife company official, you will need to create articles of organization that acts like a charter for your business. You will file these with your state.
If you share a business with your husband or wife, you should have a written agreement to protect your interests.The benefits of a husband/wife LLC are that you can file as a disregarded entity. No need to file a separate partnership return.