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Updated over 7 years ago,
Sole Proprietorship vs Partnership
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!