Can a husband and wife run a business as a sole proprietor or do they need to be a partnership?
207176
For the Uk, the husband can run the buesiness and empoly his wife.. (or visa versa) but them make desisions together, but if you want to be legal partners then you must opt for a parnership.
648762
not at all.first of all there are a couple of very important steps to follow to begin a parternship.\n1.-make a contratc through a lawyer.\n2.-have your partner give you the 50% of the total costs of your business and let him be aware of all responsibilities for a partnership.\npaying the first month of the rent does not entitle anyone for partenrship in someone else's business.Hope this can help you.
105537
I have found a lot of help on Entrepreneur.com.  The following link should bring you to the page where you can find a sample partnership agreement and make it into your own.  I hope this helps!\n\nhttp://www.entrepreneur.com/formnet/legal/0,7594,,00.html
507629
There is no rule of thumb for this because it depends so much on the type of business you are looking at,its situation & how you want to launch it.Will you buy or rent a property or work from home?What equipment do you need & can it be bought in good condition 2nd-hand & thus save money?Why lawyers' fees?Does the type of business need a lawyer's input at this stage?What about accountants?They can be more useful in advising on the type of business to start with i.e sole trader/partnership/limited company?How to keep simple records,VAt registration,PAYE if you expect to have employees etc.I would advise finding a properly qualified accountant in a small practice.Their fees are usually less & you should get better treatment.the big firms are both horribly expensive & rather stuck-up.(Sorry,but I know a lot about this particular subject!)\n\n\n Why not do research via trade organisations etc & thus save \nhiring market reseachers?
533230
Pretty much is the same, but there is a company that put all that into one business you can own. for more info email me.
343310
Basically you have to buy out your partner's share.  The partnership agreement probably spells out how this is to be done.\n\nIf you do not have a written partnership agreement, at least put the dissolution of the partnership in writing, in the form of a contract you both sign, and have it notarized.  Then it either [former] partners' heirs have a question about the assets of the partnership, you will have it all in writing.
123835
a single proprietoship is a business owned by one person.\na partnership is a business owned by more than one person.
462332
As you propose to take over a partnership business, you may choose to take over the assets on the book value only and not necessarily on revaluation basis. If you are shares to the partners or debt to the partners, it has to be taxed at their level depending on the valuation.As suggested by another member you require a services of tax practitioner or m and A expert.
88214
Partners have unlimited liability.  \nPartners must share all profits.  \nThe partners may disagree and can lead into legal and personal disputes. \nThe life of the business is limited.   \nRequires filing a separate partnership tax return
445601
This question screams for a lawyer.\n\nIf both businesses are sole proprietorships, you could make the case that you had sold the business to him to make good your rental debts. Technically, in a transaction like this, the buyer of a company takes on both the assets AND the liabilities... Unfortuantely this sounds like a sales contract was not drawn up.\n\nI suggest, since you're obviously not rich, that you at least seek some pro bono guidance from a legal clinic. Good luck.
211640
You have many options to combine finances.  Of all of these I would advise you to each start a separate trust with all of your worldly assets.  You can name your partner as the benefactor or the trust and vice versa.  I would not advise putting multiple names on loans, leases or credit cards.  If for some reason these things go sour the liability would be greater.  I would advise anyone (married or not) to keep credit cards with only one name.  This debit is forgiven with a death certificate in most states.  By creating a trust account (and making 1 person sole benefactor) you are showing that you are committed to your partner and that you're pennywise!
597703
My husband and I are opening our own business also and have heard some horror stories about friends of ours who tried to do their accounting themselves and ended up owing the IRS thousands.  I think it's worth it (especially for peace of mind) to go ahead and hire an accountant to do your taxes and who will guide you with the rest of your accounting also.  You can shop around and get quotes from different accountants and also ask other business owners in your area who they trust. :)
224294
You need more information than we what we could provide you here. I suggest you read the following books:\n\n- How to Setup and Operate a Successful Nightclub \nby Robert Smith \n- Club Design by daab \n- Start Your Own Bar and Tavern (Entrepreneur Magazine's Start Ups) by Entrepreneur Press \nDeveloping Retail Entertainment Destinations \n- Entertainment Destinations: Cinemas/ Center/ Casinos/ Clubs/ Cruise \n- Successful Beverage Management \n- Upstart Guide Owning & Managing Bar or Tavern \n\nYou can start by reading the article "How to Start a Nightclub Business" http://www.powerhomebiz.com/vol141/nightclub.htm - the article has some information on startup requirements, key elements, marketing tips, startup costs and other information\n\nI suggest you start out by preparing a business plan to help you learn more about what you really want for your club, your market, your location, resources you need and to plan how you are going to market your business. Bplans.com has a sample business plan for free for a nightclub business:\nhttp://www.bplan.com/spv/3189/index.cfm?affiliate=sba\n\nAs for having a partner, it is important that you have a Buy-Sell Agreement. A buy-sell agreement is a binding contract between the partners that defines: 1) What events will trigger a buyout, 2) the price that is to be paid for the disassociating partner's interest in the business, and 3) who can buy the dis-associating partner's interest (e.g. outsiders vs. other partners in the business). \n\nIn the absence of a buy-sell agreement, state laws regarding partnerships will apply--and this could have a negative outcome for you. The departure of a partner, for example, might result in an automatic dissolution of the partnership and forced distribution of assets and profits. If a partner dies, becomes incapacitated or gets divorced, you might unwillingly inherit the partner's spouse (or ex-spouse) as your new partner in the business. Likewise, if a partner decides to sell his interest to an outsider, you could end up having to share your business with a stranger.
608726
You can pull it off (maybe), but an enourmous amount of legwork will be required.  You should identify a successful, but currently retired, restaurant owner (better yet, an owner of several successful restaurants), and pitch your business plan to him/her.  If your pitch is declined, find another one.  Repeat until you get funded (or until you are ready to give up).
397117
If you are in business together then I believe that you will be treated as equal partners in law (just because there's no written agreement it doesn't mean there isn't a legal partnership) and she would have as much right as you to make any business decisions.\n\nIf you think that she is acting against the interests of the partnership your best course of action would be to consult a soliciitor
427055
Yes, with the permission of your local zoning board you can convert your single building into two properties, similar to converting your two stores to condominiums, or cooperative retail space.\n\nPresently, the common usage is the water, but after conversion the common areas will be many such as the roof, foundation, exterior walls just to name a few.  You will want both owners to pay regularly for upkeep and maintenance, and there will need to be an adequate reserve fund in case repairs are necessary.  \n\nYou must seek a commercial real estate attorney's advice on this.  He can help you decide on the type of ownership that is best for you.  If you convert your building, a separate entity, a Condo or Coop Association, is created to define and safeguard the legal rights of both owners.  Large office buildings "go coop or condo", but usually the cost of converting is too expensive for converting one building into only 2 stores.\n\nYour attorney may suggest less expensive alternatives.  He will go over the benefits you receive and problems you take on by splitting the ownership.  And help you answer the question of what happens when you decide to sell the property to which you are keeping title.  \n\nPerhaps a long term lease is a better idea and makes more financial sense.  Another idea is to take on a partner in ownership who will have certain financial responsibilities in exchange for a share of the ownership.  You can also sell the entire property, and lease back the one store you want with the right to sublet it.
204818
There are a lot of international laws that govern these things.  I would contact a bank that works internationally and an international business lawyer to help you get setup.\n\nGood luck with your venture