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This would be possible to accomplish, however you have to make sure you do this the correct way,
I would consider filing a corporation such as an LLC where your spouse is the owner and you are an employee not a shareholder,
as an employee the LLC would pay you a w2 salary, and all payrol taxes,
such as unemployment taxes, and others,
yes , that was the plan . it will be an LLC
this way if you ever apply for unemployment,
you may have an easier way to get approved,
Be aware you should be paid a w2,
ok , so from a legal standpoint , you see nothing wrong with this ?
so unemployment taxes are paid, and you can qualify,
This is a common issue,
and this type of structure is common,
Since you are not a shareholder, you can honestly claim you have no ownership rights,
does it matter that she is employed and has her own full time joib , since this is a completelt seperate entity ?
be aware the risk you do have is she is the owner of the LLC,
and can write checks, and make deposits,
only she will be able to obtain tax refunds as well,
If their is a divorce it can be an issue as well
ive checked with the state's board of electrical examiners and they said its done all the time . as long as i ( the license holder ) is doing the work , the business can be in anyones name .
i do realize that can be a risk , but we're pretty good in our marriage and i really doubt anything like that would ever come into play .
once i get established , the possibility of changing everything to my name is XXXXX XXXXX . this is really just a stepping sto
stone , and a safety net for now
thanks for your speedy response !
are you still there ?
Good luck, and if you have any further questions
please do not hesitate to ask
thanks again , i appreciate it !
A good accountant should help you to with the tax issues,
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yeah , thats my next stop . i definitelt will ! thanks again !
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