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Updated over 7 years ago,

User Stats

6
Posts
3
Votes
Kyle Burrows
  • New to Real Estate
  • Coppell, Tx
3
Votes |
6
Posts

Sole Proprietorship vs Partnership

Kyle Burrows
  • New to Real Estate
  • Coppell, Tx
Posted

Hi BP! My wife and I are purchasing our first rental property and looking to set up a DBA. After researching some information about sole proprietorships and partnerships, we are confused about the right approach.

We live in Texas and both want to work actively and equally in the business. What is the correct the classification - Sole Proprietorship or General Partnership?

Thanks for the help!

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