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#1408385 - 06/25/10 06:03 PM Sole Props
Anonymous
Unregistered

Can a sole prop include husband and wife as joint owners? Does the spouse have to be just a "signer" or can they be joint owners?

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#1408419 - 06/25/10 06:50 PM Re: Sole Props Anonymous
fmissle Offline
Platinum Poster
Joined: Jul 2007
Posts: 996
Pac NW
They can in Washington State (only if they're marries though). Don't know about other states though.

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#1408437 - 06/25/10 07:10 PM Re: Sole Props fmissle
Georgia Plum
Unregistered

Not in Georgia

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#1408672 - 06/27/10 12:31 PM Re: Sole Props
rlcarey Online
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rlcarey
Joined: Jul 2001
Posts: 79,637
Galveston, TX
They may be able to register the assumed name as a sole prop in the State in which they are conducting business, but from the IRS standpoint, they are either a partnership or a qualified joint venture.
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#1409194 - 06/28/10 09:37 PM Re: Sole Props rlcarey
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West Coast Comp
Joined: Jun 2010
Posts: 350
Lost in the rain.
Most states would say no even for community property states, as the official ownership is a sigle person, with rights of the community property, but that is a state issue. IRS is different as noted by rlcarey.
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