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Husband and wife LLC

by lisasl, Window Shopper

  • Created: December 14, 2011, 1:47 am
  • Updated: December 14, 2011, 1:47 am
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My husband and I are starting a home based business.  I was initially thinking about doing this as a qualified joint venture, but am now considering an LLC.   Are there any tax advantages or disadvantages in either option?  Are there any other things to consider?

Tags: Discuss Popular Topics, Starting & Registering a Business
‹ Business Aliases, Pen Names, Legal Name Changes, Business Names, Depositing Payments My Website, I hope it won't fail! I spent some time editing it! ›

kmurray | Community Moderator | 12/15/2011 - 8:32 am

Hi, Check out our resources about home-based businesses and our blog article about choosing the right business structure. Another approach that may be useful is talking to a mentor who could offer you specific guidance. Another great resource is SCORE, one of SBA's resource partners. SCORE is a nonprofit association comprised of thousands of volunteer business counselors throughout the country. They are trained to serve as advisors and mentors to aspiring entrepreneurs and business owners-at no cost to you! You can find your local office or set up an online meeting to chat with someone about your questions. Visit SBA Direct to find your local SBA resource partners by entering your zip code.