Are there any benefits in making my wife the owner of my company over myself. ex. taxes, loans etc.
Thanks!
2006-12-30 23:58:01 · 5 answers · asked by Anonymous in Business & Finance ➔ Small Business
Check the laws in your state... for example - in FL, there are substantial tax benefits for minority owned companies. If women own a larger portion of a partnership/corporation (i.e. Wife owns 51%, Hub owns 49%) it is considered a minority owned company.
Your best bet would be to consult a CPA before registering your company. Good Luck!
2006-12-31 00:04:33 · answer #1 · answered by greeneyedann 2 · 0⤊ 0⤋
Your wife will quaklify for many disadvantaged business programs with banks and major corporations. Major corps usually have a small disadvantages business center to help you sell to them at higher prices.
2007-01-03 15:22:06 · answer #2 · answered by Anonymous · 0⤊ 0⤋
It makes sense if you intend to compete for government business (federal, state, or local), there is a preferential "female-owned business" set-aside.
2006-12-31 16:48:21 · answer #3 · answered by PALADIN 4 · 0⤊ 0⤋
My husband is my partner. I dpends where you live.
I am in NYC. Better to have a parternership in NYC than solo business.
I hope I have helped you.
2006-12-31 11:10:32 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Not unless you file your taxes separately.
2006-12-31 08:00:52 · answer #5 · answered by JOURNEY 5 · 0⤊ 0⤋