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Level 2
March 17, 2021
Question

My husband and I have a single member LLC. It is in my name, he is still employed through another company. How can I change our company over to his name?

  • March 17, 2021
  • 1 reply
  • 0 views
It lowered our refund by 3000.00 because I had to pay social security for the income.  He would not have had to pay, as his other employment has his paid in full

1 reply

Level 15
March 17, 2021

Who owns and operates the business?  You?  Your husband?  Both of you?

 

You can't just change the name just because it gives a better tax result.

Level 2
March 20, 2021

Business is in my name.  It is a consulting business.  He is the consultant. It is filed as a single member LLC.

Level 2
March 20, 2021

I don’t want to change the name.  I want to change ownership to his name.