Posted by Ed Copp (OH) on August 08, 2003 at 13:31:44:
Since she is the general partner, you have no vote. That is if you have formed a limited partnership. Most likely you can have the deed made to the partnership, ask the title company or agency that is handling the paperwork. Your checking account won’t get it, since your wife may not let you write checks, so a new account will most likely be needed. Remember when thinking about paying yourself back, you have no vote. Your wife may pay you back or she may not. I see very little recourse if she says no.
If you two have a general partnership, then there is no general partner and you will both share all the liability for the partnership.
If you close and then “just” transfer the deed to the partnership you will have to pay another set of expenses, such as conveyance fee, deed prep, and recording fees.