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.