514 - One Is the Loneliest Number: Owning a Sole Proprietorship With Your Spouse by Scott Smith

<p>Going into business with your partner isn’t always a bad idea. In fact, sometimes the two halves of a couple have beautifully complementary skills—especially when we’re talking real estate. There’s a reason HGTV leans so heavily on husband-and-wife pairs.</p><p>Your business certainly doesn’t need to be as linear as “the wife’s the designer, the husband’s the accountant.” Maybe your husband has a keen eye for bedroom layouts, or your wife’s eager to run the books. Either way, it might make sense to join up.</p><p>But how? In some situations, a married couple who runs a business might not want to officially form a legal entity. Under these circumstances, can a business run by two spouses qualify as a sole proprietorship? (Read more at <a href="https://www.biggerpockets.com/blog/sole-proprietorship-spouse" rel="noopener noreferrer" target="_blank">https://www.biggerpockets.com/blog/sole-proprietorship-spouse</a>)</p><p>See Privacy Policy at <a href="https://art19.com/privacy" rel="noopener noreferrer" target="_blank">https://art19.com/privacy</a> and California Privacy Notice at <a href="https://art19.com/privacy#do-not-sell-my-info" rel="noopener noreferrer" target="_blank">https://art19.com/privacy#do-not-sell-my-info</a>.</p>