If the business isn’t profitable, give up your 1% share and take the business gains or losses off your taxes and thus off your FAFSA and CSS. There are a lot of people who find out that owning a beach house with a sibling or holding title to the grandparents’ condo hurts them when it is time for college. How is the school supposed to know if the condo is a second home or one they have access to for only 7 days per year?