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#726669 - 05/04/07 01:14 PM Sole Proprietorships
Bud48 Offline
Member
Joined: May 2005
Posts: 92
Can a father and son have a sole proprietorship account? I can't remember ever running across this before. Thanks.

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Deposits and Payments
#726672 - 05/04/07 01:17 PM Re: Sole Proprietorships Bud48
Skittles Offline
10K Club
Skittles
Joined: Sep 2002
Posts: 13,965
TN
No. Sole means one. It sounds like an informal partnership.
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#726993 - 05/04/07 04:40 PM Re: Sole Proprietorships Skittles
#Just Jay Offline
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#Just Jay
Joined: Oct 2006
Posts: 14,390
Cheeseheadland
One could own the account as sole prop, and the other could be added as and act as a signer, but have no legal ownership on the account itself.
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