Marketingcoach
Returning Member

Husband/Wife Business self employed

Hello, 

 

If a husband & wife run a business together but have different roles and different % of earnings, how does this work? One is 60 other is 40. (Husband started business and wife joined later years.)

 

1. Does business description need to be the same for both of them even if they have different roles in the company? 

 

2. Do they split ALL expenses using % of each individual? 

 

3. Can business description be changed say from Online Marketing one year to Digital Marketing the next year and what is the best Principle Business Code to use?

 

Thank you for help!!