The IRS says a husband/wife couple can jointly own a sole proprietorship under certain basic conditions
The question is, can I apply for a Chase Ink Preferred card under the business "LastName Consulting" as a sole proprietorship using my social security number, and also have my wife apply for her own Chase Ink Preferred under the business "LastName Consulting" as a sole proprietorship under her social security number?
I'm sure whomever applies first will be approved but I'm unsure about the second one. Especially since I could see Chase flagging it for the innocent reason that they think the business owners are unaware that you can have multiple employees/AU cards off one account.
Code:
https://www.irs.gov/faqs/small-business-self-employed-other-business/entities/entities
I'm sure whomever applies first will be approved but I'm unsure about the second one. Especially since I could see Chase flagging it for the innocent reason that they think the business owners are unaware that you can have multiple employees/AU cards off one account.