BizSugar.com › Management › Entrepreneurial Couples – Tax and Legal Considerations for Spouses in Business

By Caron Beesley. Entrepreneurial couples are very common – the Wall Street Journal says a third of family businesses are husband and wife teams – and they represent a dynamic force in the small business world. However when spouses go into business together their are several tax and legal implications to understand. Here’s a quick rundown of what you need to do to ensure you comply with the necessary requirements.