> Sole proprietorship with a friend?

Sole proprietorship with a friend?

Posted at: 2014-12-08 
You can file as a partnership using Form 1065. The partnership will generate a K1. This is your documentation for each individual's form 1040.

You need legal help. A LLC isn't very hard to set up for a 50:50 ownership

You would be forming a partnership. Get legal advice.

www.legalzoom.com

www.sba.gov

www.irs.gov

Good luck.

My friend and I would like to start a business but are confused about how to co own (50/50) the business legally. We don't really want an LLC right from the start either. is there any way to go about doing this as far as taxes and staying legal. We live in GA, if that matters.