Bringing an Existing Co-Owned Asset On-Platform

Who this is for

You already co-own an asset — maybe with family or friends, through a handshake deal, an informal LLC, or a legacy arrangement — and you want better tools to manage it.

Two paths

• Organizer path — you're setting up the asset on Slivvy and inviting your co-owners
• Invited path — someone else is setting it up and you're joining

Organizer path

1. Enter the asset details just like a normal listing, but mark it as "existing co-ownership — not for sale" (you can change that later).
2. Add each co-owner by name, email, and current ownership percentage. Slivvy invites them to join and verify.
3. Upload your existing documents — operating agreement, LLC articles, title, deed. Slivvy reviews and flags missing or risky provisions.
4. Upgrade to a Slivvy-standard Operating Agreement. Most platform tools require it. The new version is generated based on your existing terms plus recommended improvements; all co-owners review and e-sign.
5. LLC status — if your LLC is in good standing, we'll verify and keep it. If you don't have one, Slivvy can form one and help transfer title in.
6. Insurance review — upload your current policy; Slivvy will offer a co-ownership-friendly option if your coverage isn't sufficient.

Invited path

1. Accept the invitation and create your Slivvy account.
2. Complete KYC, background check, and credit verification.
3. Review the asset details and ownership structure the organizer entered.
4. Confirm your ownership share.
5. Review and e-sign any new or updated legal documents.
6. Set up a payment method for ongoing fees.

Once all co-owners are verified and signatures are in, the asset goes "live" on the platform for management.

Transition tips

• You can import past expenses and reserve balance manually, or just set a going-forward starting balance.
• Add your existing vendors (cleaner, landscaper, mechanic) with phone numbers and notes so the whole group has them.
• The calendar starts fresh — most groups find it cleaner to re-book future stays on Slivvy rather than try to import old shared calendars.

Want to sell some shares later?

Once on the platform, any co-owner can list their shares through the transfer workflow — existing co-owners get right of first refusal before they go to the marketplace.