SE Tax Husband/Wife Multi Mem LLC


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A client is forming a multimember LLC in which both he and his wife will be members. A third member will have a small percentage interest. It will be a member-managed LLC, with husband the principal contributor time-wise, and wife and other member contributing occasionally. In making the initial capital contributions, can husband make the larger contribution, getting a larger percentage of ownership and same profit allocation, with the objective that a larger share of SE income will be allocated to the husband, thus hitting the SE limit faster than if both husband and wife are allocated equal profit distributions? Or would theSE limit simply be applied to their combined earnings?
 
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