Sole Proprietorship, qualified joint venture, workers comp?
As she comes on board since its allowed,she will put in the requirements for a qualified joint venture (hours working and participation in the company) is the way we will go. Both sole proprietors in the eyes of the irs 50/50 profit and losses and no partnership returns needed. Easy peasy.
Except, because of where I work, even though I'm except from workers comp as a sole proprietor with no employees, i had to get workers comp (kills me but no choice).
If you are with me so far - here is the question that I don't know the answer to. Only I need the workers comp as the area I go to needs it before I step foot on their property. She will be handling the office, I will be on the road. Once we elect qualified joint venture do they consider her now also for workers comp? or can she opt out as a sole proprietor? and me still be covered? Or will they force both of us to have workers comp.......