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Is an LLC required to use Joynt?

Yes. For now, an LLC is required to use Joynt’s co-ownership tools. That’s because we’re focused on supporting safe property ownership among multiple people, and an LLC provides the legal structure needed to protect everyone involved.

An LLC (Limited Liability Company) offers several key benefits:

  • Clear ownership shares for each member

  • Limited personal liability in case of legal or financial issues

  • Operating Agreement that defines how decisions are made

  • Streamlined expense and income tracking under one entity

  • Easier resale or transfer of individual shares

That said, we’re actively working on a lite version of Joynt for groups who want to explore co-ownership or manage shared use of a property without formally structuring it through an LLC. 

If you are interested in the more simplified plans and want to be informed please provide your email:



Important Disclaimer

The information provided in this FAQ section is for general informational purposes only. All information on the site is provided in good faith, however, we make no representation or warranty of any kind, express or implied, regarding the accuracy, adequacy, validity, reliability, availability, or completeness of any information on the site.

Joynt is not a law firm or an accounting practice and does not provide legal or tax advice. The content of these FAQs is not intended to be a substitute for professional advice. We strongly encourage you to consult with a qualified attorney and a licensed tax professional to address your specific needs and circumstances before making any decisions based on the information provided here.

Your use of this website and the information contained herein does not create an attorney-client relationship between you and Joynt or any of its employees.

 

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