Full-time Employee with 2 sole proprietorships businesses (wife and I)
To kick this thing off you and your wife CANNOT be sole proprietors of the same business as that would defy the definition of sole proprietorship....which can only be ONE person.
Your wife can have her own sole proprietorship and you can have yours but that's it. Your wife can be employed by your sole proprietorship and you can be employed by hers but you can't own one SP together. You can own an LLC together though.
Suggest you read up on businesses and get further educated AND see a tax pro or business planning pro for advice.
There are TONS of of stuff that you need to know from local business licenses to sales taxes to liability insurance and that's just a start.
