LLC Structures for Shared Vacation Homes

Not all co-ownership LLCs are structured the same way.

The choice of LLC structure shapes how much control each owner has, how decisions get made, and how the ownership holds up over time. Here's the general landscape.

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The core structural choice: member-managed vs. manager-managed.

Member-managed LLC - Every co-owner is an active participant in managing the LLC — voting, decision-making, direct engagement with how the property is run. This is CoHaven's model.
Manager-managed LLC - Control sits with a designated manager — which could be one member, or an outside party — while other members hold a more passive interest. Common in structures designed around a single decision-maker or a professional management layer.

> See why CoHaven specifically uses a member-managed structure for the reasoning behind this choice.

Single-property vs. multi-property LLCs.

Some shared-ownership structures pool multiple properties under one LLC or fund. CoHaven's model keeps each LLC tied to a single property, owned by a single group. This keeps the ownership stake straightforward — your interest in the LLC corresponds directly to your interest in one specific property, not a share of a broader pool.

What the Operating Agreement adds, regardless of structure.

Whatever the underlying LLC structure, the Operating Agreement is what actually governs day-to-day reality — usage, expenses, decision-making, exit rights. A well-structured LLC with a poorly drafted Operating Agreement can still create real problems for co-owners. The structure and the agreement both matter.

> See what CoHaven's Operating Agreement specifically covers

Want to understand how this applies to your specific situation?

An Owner Planning Session goes deep on the legal structure as part of a broader conversation about your goals.

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