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Can Spouses Be Sole Proprietors?
The rules for electing sole proprietor tax status differ depending on whether you live in a community property state or not. If a couple doesn’t choose or qualify for sole proprietor status, their jointly owned business will be classified as a partnership for federal tax purposes, assuming they have not formed an LLC or corporation.
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The Small Business Start-Up Kit: A Step-by-Step Legal Guide
All the information you need to start a business, including choosing the best legal structure, getting permits and licenses, and much more.
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Deduct It! Lower Your Small Business Taxes
Don't miss out on all the valuable tax deductions you're entitled to as a sole proprietor.