A husband and wife want to operate a contracting business together and share equal responsibility. Which entity structures are available to them under §7065?
Explanation
A contractor's license may be issued to a sole proprietor, a partnership, a corporation, a limited liability company, or a joint venture, so two people sharing ownership may use a partnership, a corporation, or an LLC. (a) is a real and lawful arrangement, but it gives one spouse the license and the other the status of employee, which is not the equal responsibility the question asks about. (c) invents a rule that co-ownership requires a corporation. (d) fails because a trust is not among the entity forms that may hold a license.
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