Legal Question in Business Law in Texas
Formation of company between husband and wife
Which kind of company would be classified as- LLC, General partnership or what kind
Asked on 6/24/02, 9:46 am
2 Answers from Attorneys
Michael Dover
Michael A. Dover, PC
Re: Formation of company between husband and wife
Limited liability companies, general partnerships, corporations are types of entities. The type of entity is not determined by who the owners are, but is determined by the type of legal entity that you form. The type of entity that you use would depend upon your objectives.
Answered on 6/24/02, 10:37 am
Peter Bradie
Bradie, Bradie & Bradie
Re: Formation of company between husband and wife
The answer depends upon what you want to accomplish, and what your long-range plans are. There's no one answer that fits all businesses where the husband and wife are the sole owners.
Answered on 6/24/02, 11:48 am
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