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Joy Mehta   wrote on : Wed May 05th,2010   Back to Article

My name is Joy and my husband and I are both educators in Texas who are in the planning stage of putting up a business to mass produce and market Science games for use as classroom teaching tools. I would be very grateful if somebody can advise me if it will be better for us to register the business as a sole proprietorship under just his name or as a general partnership. We do not foresee needing to hire any employee as he will be doing the designs and I will do the logistics so it will just be a two-men operation.

Reply : infotaxsquare.com
 

If it is a two men operation then it can not be registered as sole proprietor. It can only be registered as general partnership. The only disadvantage of registering a general partnership is if one partner can not compensate then the liability automatically transfers to the general partner.



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