The past decade has seen a revolution in our understanding of protoplanetary
disk evolution and planet formation in single star systems. However, the
majority of solar-type stars form in binary systems, so the impact of binary
companions on protoplanetary disks is an important element in our understanding
of planet formation. We have compiled a combined multiplicity/disk census of
Taurus-Auriga, plus a restricted sample of close binaries in other regions, in
order to explore the role of multiplicity in disk evolution. Our results imply
that the tidal influence of a close (<40 AU) binary companion significantly
hastens the process of protoplanetary disk dispersal, as ~2/3 of all close
binaries promptly disperse their disks within <1 Myr after formation. However,
prompt disk dispersal only occurs for a small fraction of wide binaries and
single stars, with ~80%-90% retaining their disks for at least ~2--3 Myr (but
rarely for more than ~5 Myr). Our new constraints on the disk clearing
timescale have significant implications for giant planet formation; most single
stars have 3--5 Myr within which to form giant planets, whereas most close
binary systems would have to form giant planets within <1 Myr. If core
accretion is the primary mode for giant planet formation, then gas giants in
close binaries should be rare. Conversely, since almost all single stars have a
similar period of time within which to form gas giants, their relative rarity
in RV surveys indicates either that the giant planet formation timescale is
very well-matched to the disk dispersal timescale or that features beyond the
disk lifetime set the likelihood of giant planet formation.Comment: Accepted to ApJ; 15 pages, 3 figures, 3 tables in emulateapj forma