When Your Business Partner Is Your Life Partner

If you are going into business for yourself and your spouse will help out, you don’t need to hire your husband or wife as an employee or independent contractor, nor do you need to form a LLC or corporation. If you follow certain guidelines, you can continue to operate as a sole proprietorship (a one-owner...

Partnership Basics

By definition, a partnership is a business with more than one owner that has not filed papers with the state to become a corporation or LLC (limited liability company). There are two basic types of partnerships—general partnerships and limited partnerships. This article discusses only general partnerships—those in which every partner has a hand in the...

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