My wife and I are planning to go into business together. Which of the following statements is Not True? Group of answer choices. We can both form a Sole Proprietorship, since we file our taxes jointly. We can both form a Partnership, with each of us as partners.
IF we both form a Partnership, one of us could be a limited partner. We can both for a Corporation, with either one, or with each or both, of us as shareholders. We can both for a Limited Liability Company (“LLC”), with each of us as “members.”