Entities: Sole Proprietor, Partnership, Limited Liability Company/Partnership (LLC/LLP), Corporation, Subchapter S Corporation
Question: Can a husband and wife run a business as a sole proprietor or do they need to be a partnership? |
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Answer: For a business to be classified as a sole proprietorship:
If a married couple who file a joint tax return elects to conduct their business activities as a qualified joint venture:
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