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

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.
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.
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 link

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