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This page was modified on 5/26/2006
Sole Proprietors
Question:  May a husband and wife be a "sole proprietor" ?

Answer:  Actually, husband and wife can have a "sole" proprietorship. If two other parties (not married) have a business relationship, then it is either a joint venture or a partnership. But in Texas, spouses do NOT own businesses together as partners but as community property. Thus, the business is a proprietorship. The word "sole" is just doggone confusing.
 

 



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If you would like to comment on legislative topics or if you have questions about this information please call our public affairs expert, Mae Beth Palone at (800) 749-4228 or E-mail mbpalone@ibat.org.

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